Private Equity's Mountain of Dry Powder Is a Danger Sign
A pile of U.S. shredded currency valued at $150 is arranged for a photograph in Washington, D.C., U.S. (Photographer: Andrew Harrer/Bloomberg)

Private Equity's Mountain of Dry Powder Is a Danger Sign

(Bloomberg Opinion) -- Investors keep flocking to private equity in Asia even though returns are declining. They should take heed: Payouts are likely to get worse from here, rather than better.
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