As we look back on the financial ebbs and flows of 2015 with a query as to how the financial environment will play out in 2016, we find ourselves at an opportune time to ask those that run investment funds, where our focus needs to be. Throughout 2015, equity markets began moving to all-time highs before they stalled later on in the year and then toward the end, became capricious.
So what do financial firm leaders need to know about how to react to these ebbs and flows? Ted Virtue, CEO of MidOcean Partners has in the past spoken about the importance of seeing a different perspective. He himself tries to “push himself to change all the time [asking] how can [I] do things differently?” in an effort not to get stuck in a rut. He believes that “if you’re not adapting and changing you’re dying. Think about growing; the day you become complacent as we’ve seen in our industry – in all industries in finance – you start to deteriorate and erode.” MidOcean Partners is a private equity firm that continues to witness increased investments, etc.
Some of the issues America faced in 2015 were, according to an article in The Daily Herald, caused by “indecision, missed sales estimates and falling average profits due to cheap energy prices, a strong US dollar and a soft global economy.” However, America continued to enjoy moderate growth through this time due to “the hard working entrepreneurial spirit that has always exemplified [it].”
The spirit of MidOcean Partners coexists comfortably with the message for success of private US equity firms.