Would the passing of the Volker rule be good for non-bank PE funds?
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I heard a big PE guy say that it would be good for non-bank PE funds due to less competition. It could also be good for the MDs at bank PE funds, because if it passes the banks will have to essentially spin off/give away the divisions.
Thanks for your comment CashCow. I think it's an interesting point and am surprised this thread hasn't received much attention. Anyone?
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