Former Editor

Guy Hands, the chairman of Terra Firma, has said that investors in the private equity firm’s latest fund – which was so heavily exposed to its disastrous investment in music group EMI – could still see a return on their investment.

In the firm's latest letter to investors, which was published yesterday, Hands said that he "remains hopeful of returning all of the capital invested in [Terra Firma's third fund] TFCP III to our investors".

Terra Firma 'remains hopeful' of returning investor cash

Guy Hands says the performance of the firm's latest fund is improving despite taking a large loss on music group EMI

Ayesha Javed

Citigroup

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Political/General News

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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