Private-equity investors to fire managers, warns Coller

Half of the world's limited partners (ie institutional investors in private equity) now say their lifetime portfolio return from the asset class has been less than 11%, according to Coller Capital, a London-based specialist in secondary private equity. Another 6% reported negative returns, while the portion of LPs enjoying lifetime returns of more than 16% has declined from around 37% a year ago to 22% as of summer 2010. Coller surveys global LPs twice a year. This survey, which inclu…