The $12.1b portfolio that shows private markets gnawing away at the ASX
Here we have the boss of a big ASX investor (nearly $8 billion in top-200 companies) telling us it is easier to run a business away from the ASX boards. Alarm bells, anyone?
Private markets are a train that cannot be stopped.
We talk about them in the context of the Future Fund and Australia’s big superannuation funds, but they are also growing in family office, self-managed superannuation fund and other institutional portfolios.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com