Wednesday, September 19, 2012

Keeping it in the family pays

LONDON (Reuters) - With all the booms, busts, policy fixes and financial turbulence of recent years, investors would have done well to keep it in the family -- or family businesses at least. Photo: Reuters Even though family ownership to some conjures up thoughts of cronyism, internecine feuds and succession problems, performance data shows that listed companies where families have substantial shareholdings outstripped benchmark global indices over the past five years.A Credit Suisse index of

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