When fear grips markets in times of crisis, another fear rises inside a certain breed of financier: that of missing out. As one said this week: “There’s a ton of money out there and I want to get a piece of it.”The City dealmaker said that he had rarely been busier in his three decades of advising companies on takeovers. From his kitchen table, he has been arranging virtual meetings to introduce company executives to potential buyers and investors. “A month ago, I’d never even heard of Zoom,” he said, referring to the video conferencing app that has become a staple of the home office. Covid-19 has wreaked havoc across financial markets, and hedge funds and vulture investors are ready to swoop, with buyout

Source: The Times March 31, 2020 16:07 UTC