Private Equity

The news flows seems to be dominated by Private Equity funds, whereeither Christer Gardell or EQT seems to be selling their funds ratherheavily. Gardell and Cevian is preoccupied with denying that he is ashort-term player while EQT is opening up for wealthy investorsthrough Carnegie.So far, PE funds have had a lot better returns than the average hedgefund, but here we should remember that PE is usually a leveragedinvested into equities (which have been the right bet since 2002...)and most likely not a true portfolio diversifier.