Tikehau Capital drops as Q3 miss puts FY targets in question

Tikehau Capital SCA

Today 08:47

** Shares in asset management company Tikehau Capital TKOO.PA fall 6% after expectations-missing Q3
** End-September assets under management reach €51.7 billion ($57.9 billion) compared with €54.6 billion seen in Visible Alpha consensus
** Jefferies flags that net new money was below expectations across Credit, Real Assets and Private Equity
** Jefferies says it sees conditions as unfavourable for Tikehau to achieve FY targets, with continued pressure on investment-portfolio revenues, particularly unrealised gains
** Shares are on track for their worst day since July if losses hold
** The price touches lowest point since March
($1 = 0.8933 euros)

(Reporting by Mathias de Rozario in Gdansk)
((mathias.derozario@thomsonreuters.com))