Listed PE trusts: If you're focused on the discount, you'll miss the story

Focus on the advantages

clock • 4 min read
Steven Tredget of Oakley Capital
Image:

Steven Tredget of Oakley Capital

Whenever I speak to investors and advisers, it is only a matter of time before I am asked about the share price discounts to NAV that listed private equity companies trade at. “What are the causes of the stubbornly persistent discounts for many listed PE trusts?” “Will those discounts ever close?” and so on.

These are important questions but, sadly, there is little industry consensus on the answers. One reason for this is that the prism through which many people look at the sector creates misconceptions...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Equities

John Redwood, chief global strategist for Charles Stanley

Charles Stanley's Redwood: Chimerica is so last decade

Both have hit problems in 2022

John Redwood
clock 25 May 2022 • 6 min read
Industry Voice: UK is a rich seam to mine … and not just in commodities

Industry Voice: UK is a rich seam to mine … and not just in commodities

Richard Colwell, Head of UK Equities at Columbia Threadneedle Investments
clock 24 May 2022 • 11 min read
Retail stocks have found themselves under the harshest light from UK short sellers

Short sellers bet against UK retail stocks amid income squeeze

Cineworld is the most shorted UK stock

clock 24 May 2022 • 1 min read
Trustpilot