Partners Group tumbles after report of redemption curbs at private equity fund
BUZZ-Partners Group tumbles after report of redemption curbs at private equity fund ** Shares in Partners Group PGHN.S fall 12% after Bloomberg reports the Swiss investment manager has restricted redemptions in one of its “evergreen” private equity funds
** Partners Group does not immediately reply to a Reuters request for comment
** According to the report, the firm has capped redemptions in its Global Value SICAV fund at 5% of NAV after requests surged to around 9.8% in the second quarter
** Stock is the worst performer on the Swiss blue-chip index SMI .SSMI and on track for its biggest one-day drop since March 2020
(Reporting by Emanuele Berro, Danilo Masoni)
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