Global fund groups to reach $200tn in assets by 2030, PwC says
Survey projects private markets will soon account for half of industry’s revenues
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Global industry to hit $200tn by 2030
Plus, FCA’s pension scheme, UK borrowing overshoots and Sir Stanley Spencer at Gainsborough’s House
Fund managers prepare for ‘reckoning’ in US tech sector
Some investors reduce positions or buy protection for their portfolios amid concerns over valuations
Investors bet on smaller private equity funds to break deal drought
Larger funds’ global share of commitments slides as fundraising winter drags on
AI start-ups amass record $150bn funding cushion as bubble fears mount
Mega funding rounds create ‘fortress balance sheets’ as investors advise top groups to brace for tougher markets
Banks’ asset growth outstripped by non-traditional institutions’
Private credit groups, hedge funds and other institutions account for more than half of global financial assets
There is method in the market’s madness
But it relies on a host of rosy assumptions going in investors’ favour