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Most European governments are eager to act decisively against what they regard as an opaque industry run by secretive investors.
For the beginning at least what we intended to do was shine a spotlight on an otherwise rather opaque industry".
"It's the single most opaque industry in the world," noted Raffi Amit, a professor at the Wharton School of Business who has focused his research on family offices.
The alchemists' mystique, a key selling-point for rich individuals, is a turn-off for institutional investors, who see it as just one extra, highly idiosyncratic risk.Hurry, while the fun lastsIn the long run, a flood of institutional money should ensure a less opaque industry, and perhaps also one with fewer chances for spectacular returns.
From a lesser investor in a less opaque industry, this information would be dull.
"That's really where I learnt the ropes of this opaque industry and saw first-hand how a lack of transparency was significantly costing shipping companies".
Similar(44)
More are steering clear of firms in opaque industries with bad governance.
So our index is only a rough guide to the concentration of wealth in opaque industries compared with more competitive ones.Despite the boom in crony wealth, there are grounds for optimism.
Mr. Romney's candidacy has helped cast a spotlight on an often-opaque industry.
Critics say that this influx of cash has helped create an opaque security industry open to corruption at every level.
Jenny Pugsley, co-chair of the QuiTE committee and one of the researchers working on its current project, recognises that these facts remain opaque to industry outsiders: "If you try to describe the situation to the man or women in the street it sounds extraordinarily boring.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com