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Tero Ojanperä's Fund Generated Huge Losses - Investors Included Nokia, Microsoft, Rich Families and Taxpayers
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Private equity funds have offered high returns, but big promises are not always fulfilled. The private equity fund of former Nokia boss and artificial intelligence company Silo AI Tero Ojanperä promised huge returns, but investors suffered heavy losses, according to the final report obtained by Arvopaperi.
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TalouselämäThe private equity fund of former Nokia boss Tero Ojanperä, known for the artificial intelligence company Silo AI, promised huge returns. However, investors lost heavily. The original investment model did not work as the world changed, says Jari Tuovinen, who served as the fund's CEO in the latter days.
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