The New Power Brokers: How Oil, Asia, Hedge Funds, and Private Equity are Faring in the Financial Crisis
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This just-released McKinsey Report reviews the performance of the so-called “new power brokers”. The global financial crisis and recession altered the paths of four influential groups of investors: oil exporters, Asian sovereign investors, hedge funds, and private equity. While Asian sovereigns and petrodollar investors emerged more influential than ever, hedge funds and private equity saw their previously rapid growth interrupted.
In a 2007 report, MGI labeled these four groups of investors the “new power brokers” because they had gained enough wealth and clout to influence global financial markets. MGI revisited the power brokers to examine how their fortunes diverged during the financial crisis that unfolded in 2008 and projects where they may go from here, using a scenario approach.
The report is available to download from the McKinsey website (pre-registration is required).
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