Fidelity's Alex Wright: Private markets are 'biggest value bubble'

Unusually high valuations

While other investment trust managers are rushing to utilise their ability to invest in private markets, Alex Wright, manager of Fidelity Special Values trust, believes this area represents “the biggest bubble in value”.

This year several investment trusts have been putting forward proposals to shareholders that would allow them to increase their already hefty exposures to unlisted companies, including Baillie Gifford...