Icahn/Blockbuster Turf wars

Carl Icahn’s election to the board of Blockbuster on Wednesday will have done nothing to allay private equity industry fears that hedge funds are trying to elbow into the lucrative leveraged buyout business. The corporate raider’s move has been seen as a precursor to a bid for the video-store chain. But private equity’s suspicion of hedge funds is wide of the mark. Rather than seeing them as a threat, private equity should recognise hedge funds as a rich source of potential deals. Certainly hed...