Partners Group slides as redemption pressures outweigh inflows beat
BUZZ-Partners Group slides as redemption pressures outweigh inflows beat ** Shares in Partners Group PGHN.S fall 4.7% after the Swiss asset manager reported lower-than-expected assets under management for H1, though inflows topped expectations
** H1 AUM stood at $186.0 billion, below the $187.6 billion consensus cited by Jefferies
** Gross inflows of $16.0 billion beat expectations of $14.0 billion, while the company reiterated its full-year outlook
** "Better fundraising but redemptions impact AUM," a trader says
** While guidance reaffirmation was viewed positively, the trader said company disclosures suggested pressure from evergreen fund redemptions could remain a headwind for several more quarters
** Including Thursday fall, the stock is down 30% this year
(Reporting by Amir Orusov and Danilo Masoni)
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