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Money managers hire investigators to find private asset values
“Private credit has boomed into one of Wall Street’s fastest growing industries, more than tripling in size in the last decade to $1.7 trillion as money managers gravitated to investments that promised high returns as well as a shield from mark-to-market losses. Historically celebrated for providing stability even when public securities were whipsawing, that attribute is increasingly being seen as a liability as investors fret that untroubled values may not be accurately reflecting true risks.”
Link: https://www.pionline.com/alternatives/money-managers-hire-investigators-find-private-asset-values
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