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Five days earlier Morgan Stanley issued a strikingly bearish report on Macquarie's main listed fund, Macquarie Investment Group MIGG).
This is one reason why KKR's listed fund trades below its net asset value.So, as admired as Blackstone is, a public offering would bring new risks.
Diamond Circle Capital, the first publicly listed fund to invest in the polished diamond market, has seen its price slump more than 55 percent since it began trading in June 2008.
REUTERS Ashmore Chief Set for Rich Windfall | Mark Coombs, the chief executive of the Ashmore Group, is set to receive a £43 million ($68 million) payout after the listed fund manager increased its full-year dividend.
"I've been doing this for 15 years and I've never seen as many people give up as in the last three months," says Luke Ellis of Man Group, a large listed fund.
The firm has £313.5bn of assets under management, up from £300bn in 2014, an increase that saw it overtake Aberdeen Asset Management as the UK's biggest listed fund manager.
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Brevan Howard and CQS Management, two British hedge funds, have created publicly listed funds to invest.
Listed funds: These are the easiest and least expensive way to gain exposure to private equity.
Listed funds have a five-year record and at least $100 million in assets.
AllianceBernstein (formerly Alliance Capital), another fund vendor, listed funds open to market timing and plied timers with goodies.
It replicates the Red Rocks Listed Private Equity Index, which includes 34 U.S. publicly listed funds, each of which has major investments in dozens of businesses.
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