Some highlights from Monday’s FTfm

Big buy-out firms poor performers
The world’s largest private equity groups deliver the worst returns for investors, according to an analysis of 7,500 investments over the past 40 years. The report’s key finding was that “the scale of private equity firms is a significant and consistent driver of returns. Small investments outperform large.” The study also found that returns from private equity investment in emerging markets are significantly below those in developed markets, potentially undermining the industry’s ongoing push into the fast-growing Asian markets. Read more