“There’s no need to jump in and there’s lots of opportunities to go wrong”
CALGARY, Alberta, – Investment gurus cautioned Canadian investment managers this week not to go running after assets made cheaper by the global recession, but to give more time for valuations to settle.
The panel of experts from Canada, the United States and Europe also told an investment conference in Calgary that valuations would likely not rise for some time, and that the spread between sellers’ and buyers’ expectations was still quite wide.
“There’s no need to jump in and there’s lots of opportunities to go wrong,” Seth Mersky, managing director of Canadian private equity firm Onex Corp (OCX.TO), told an audience of private capital managers on Thursday.
Read the full article by Pav Jordan “VENTURE-only fools rush in, gurus tell Canadian investors” at Reuters (May 30, 2009)