POWERED BY MOMENTUM MEDIA
Private equity takes hit
Private equity companies are facing just as many challenges as their publicly-listed counterparts, according to the latest State Street Private Equity Index.
For the third quarter of last year the index revealed an 8.4 per cent decline.
Commenting on the result, State Street Corporation vice president Gerard J Labonte said private equity companies were facing the same difficult economic conditions that were affecting public markets.
"As private companies are reassessing and revising downward their near-term growth outlooks in the face of a global recession and tight credit markets, private company valuations are also under pressure to be reduced," he said.
AUTHOR
Mike Taylor
Recommended for you
Vanguard Super has reported strong returns across most of its investment options, attributed to a “low-cost, index-based approach”.
The fund has achieved double-digit returns amid market volatility, reinforcing the value of long-term investment strategies for its members.
Australian super funds notched a third consecutive year of strong returns, with the median balanced option delivering an estimated 10.1 per cent over the 2024-25 financial year, but an economist has warned that the rally may be harder to sustain as key risks gather pace.
AustralianSuper has reported a 9.52 per cent return for its Balanced super option for the 2024–25 financial year, as markets delivered another year of strong performance despite the complex investing environment.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom 465 Calder Road Calder
99.46 3 y p.a(%)
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
78.55 3 y p.a(%)
4
BetaShares Crypto Innovators ETF
50.39 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
47.50 3 y p.a(%)
