Listed Private Equity Firms Record Considerable Discounts
Many listed investment companies are currently trading at valuations below the value of their holdings. The average discount on the net asset value at the end of September is around seven percent. For comparison: Before the financial crisis, the investment companies traded for years at premiums on the book value of more than 20 percent. This is the result of a study by LPX AG, a provider of indices and research for listed alternative investments.