I feel something good will come out of Vanguard and Capital Group joining this private markets space even though they might have entered it for not so good reasons like the potential to make more fees. It’s a matter of time before their legal teams would be breathing down the necks of their alt asset managers to increase their disclosures and stop shady valuation practices. For now, these are grand schemes to dump non-performing assets to retail investors in the name of diversification and democratization.
Great thought. It would be awesome if improved disclosures for private investments were to come from the asset management industry itself rather than new regulations!
I feel something good will come out of Vanguard and Capital Group joining this private markets space even though they might have entered it for not so good reasons like the potential to make more fees. It’s a matter of time before their legal teams would be breathing down the necks of their alt asset managers to increase their disclosures and stop shady valuation practices. For now, these are grand schemes to dump non-performing assets to retail investors in the name of diversification and democratization.
Great thought. It would be awesome if improved disclosures for private investments were to come from the asset management industry itself rather than new regulations!
Thanks and agreed on Vanguard!