RE: New management arrangements1 Dec 2023 16:02
Just watched Matthew Beesley talk about Jupiter’s exit and the reasons. Strikes me there is a scary lack of understanding about private markets from institutional managers with retail investors as their audience.
Valuation issues are complex yes but I don’t understand why folks haven’t seemed to learn from the mark-to-model / mark-to-market shenanigans from 2007-8, or why Jupiter were involved for so long when their clear lack of experience in private markets seems to have added multiple burdens instead of adding efficiencies.
Good luck to Richard and Nick, let’s see that discount narrow significantly by Q3 ‘24!