Howard Marks and ASIC share a warning about private market risks
ASIC wants more transparency from private markets. Wall Street legend Howard Marks says there’s one big question investors and regulators need to focus on.
Joe Longo is ready for the backlash that the Australian Securities and Investments Commission’s report into shifting dynamics between public and private markets is likely to generate. He even seems to relish the prospect.
“I think there are some elements of the private markets that are going to be defensive, that don’t like being questioned,” Longo says. “Well, you know what? We’re the regulator, and it’s in the public interest.”
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
