Clearwater gets $575m for fund IV
Profit warnings issued by Chinese companies in recent weeks suggest that the corporate sector is feeling the effects of slowing economic growth. Industrial profit was down 2.2% in the first half of 2012, compared to a 28.7% gain in the corresponding period last year. Rob Petty, managing partner and co-founder of Clearwater Capital Partners, senses an opportunity.
"There is no doubt today that the two dominant economies in Asia - China and India - are facing stressed credit markets," he says. "Various sectors in China are under stress, from select property businesses...
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