Tough task: Trader Aman Patel works on the floor of the New York Stock Exchange. Breaking the grip of US giants in Asia won’t be easy for EQT. While it has completed US$3.3bil of exits in Japan this year, that trails KKR at US$5.1bil, including real estate divestment. — AP
HONG KONG: Billionaire investor Jean Eric Salata’s first foray into Asia was painful: five write-offs in India and mounting losses worth hundreds of millions of US dollars.
Times were so tough, he changed his computer password to “perseverance” as a daily reminder to keep going.
