January 2, 2019
MarketWatch quoted MBP Managing Director Drew Bernstein in an article about the IPO market for Chinese companies
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Excerpt:
“You don’t own the assets, you own the economic benefit through management contracts. The vast majority of the assets remain in control of the Chinese nationals,” said Drew Bernstein, co-founder/managing partner of Marcum Bernstein & Pinchuk, an accounting firm that also advises companies looking to go public in the U.S. “From our experience, the type of investor that invests in the Chinese companies is one that’s going to love growth because they love the numbers. They are not investing in dividends. … When you have a population of 1.4 billion, the opportunities are just too great.”