Four top 10 buy-out firms 'to list within a year'

Four of the world's top 10 private equity groups will go public within 12 months, a leading alternative asset manager told delegates at the SuperReturn conference in Frankfurt today.

Rick Hayes, managing partner of Oak Hill Investment Management and a former senior investment officer of California Public Employees' Retirement System, the largest US state pension fund, did not name any of the firms he expected to float.

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