The Singapore-based life insurer believes even as private market valuations come down, long-term return expectations can make these assets a worthwhile investment.
After a year of violent market swings, investors such as New Zealand Super expect more liquidity stress next year and are preparing accordingly.
Many managers say US valuations reflect expectations of future growth. But investors raise doubts that the macro environment can deliver what last year’s 30% S&P500 gains implied.
Having set up an office in Singapore, the Paris-based, independent-valuations firm plans to appoint a pricing specialist in Asia.