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The year of two halves

DACH unquote | 01 Jan 2010 | secure

At the beginning of last year, the feeling was uniformly that 2009 would be the year of portfolio management. This has, to a large extent, proven true. Most buyout firms were busy preserving value and steering their portfolio through the crisis - a crisis characterised by "low visibility". Nobody really knew where things were heading, and most acted defensively

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