The manager’s move to slash repurchases from 5% to 1% per quarter may let other non-traded funds follow suit, though some may turn to a budding secondary market. Beyond funds in current distress, the Starwood episode may not have a big impact on investor outlook and behavior, given the mostly higher-end clientele of these alts vehicles, said Neil Bathon, managing partner at FUSE Research Network.
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Article published on May 29, 2024