More gold to be found in retail sector, says Anchorage chair
Phil Cave, chairman of the specialist turnaround firm Anchorage Capital Partners, intends to keep mining the retail sector for profits after a blockbuster Dick Smith deal quadrupled its initial investment in the electronics company.
Phil Cave , chairman of the specialist turnaround firm Anchorage Capital Partners, intends to keep mining the retail sector for profits after a blockbuster Dick Smith deal quadrupled its initial investment in the electronics company.
Mr Cave also urged superannuation funds to commit more cash to private equity rather than allow most of the meaty returns to be carted off by international institutions.
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Gretchen Friemann writes on Business specialising in Banking & Finance, Mining, Real Estate. Based in our Sydney newsroom, Gretchen is a Street Talk editor.
