Vancouver, Canada ,CA
Posted on: Feb. 16, 2016, 1:05 p.m.
This week saw a dramatic illustration of the poor sentiment afflicting private equity investment trusts as shares in 3i Group fell to their first discount in three years. While big discounts have dogged the sector since the financial crisis, 3i, the £4 billion market leader, bucked the trend as its shares soared to a premium of over 40% to net asset value at one point in response to the turnaround orchestrated by chief executive Simon Borrows. Full investment news article