Partners Says It Sees No Impact From Subprime, Buyout Concerns

Date: Friday, July 27, 2007
Author: Bloomberg.com

Bloomberg reports that Partners Group, a Swiss manager of buyout and hedge funds, said current volatility in financial markets triggered by the U.S. subprime mortgage sector and concern about lending for acquisitions aren't impacting ``the firm's positive business outlook.''

The Zug, Switzerland-based company said it expects assets under management to grow by at least 7 billion Swiss francs ($5.8 billion) this year. It also ``reconfirmed'' its positive outlook for 2008. ``The turbulence in some areas of the financial markets should offer attractive investment opportunities,'' the company said in an emailed statement late yesterday