Wealth and Asset Management
Vontobel shuns evergreens relying on ‘honeymoon’ secondaries uplifts
Vontobel’s private markets selection boss is avoiding evergreen funds that mark up secondaries assets to net asset value (NAV). This is a common feature of evergreen funds, and one that has been accused of creating performance distortion. ‘We’re not opportunistic investors. If we were, the selection would look different,’ Thomas…
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