Partners Group Unfazed By Market Turmoil

Aug 15 2007 | 10:40am ET

Everything is going to be alright. That is the latest message from Partners Group, the US$18.2 billion Switzerland-based global alternative asset manager, in the face of volatility in financial markets triggered by sub-prime mortgage chaos and general concerns regarding buyout activities due to widening credit spreads.

In fact, the firm has calmly and boldly said that the current market turmoil has had “no material impact” on its positive outlook. The asset management firm plans to announce its half-year earnings results on August 27.

In regards to its private equity and hedge fund business, the firm said current discussions in the U.S. and U.K. about taxation in the private equity industry are aimed at general partners, more specifically their private tax situation, and have no implication for limited partners. The firm said that it has also been benefiting from allocations to underlying hedge fund managers with corresponding short exposure in the U.S. sub-prime mortgage and high-yield markets.
 
Furthermore, Partners Group said it remains confident of achieving another record year, with expected growth of assets under management of at least US$5.8 billion in 2007.

“The structural trend to higher allocations to alternative assets will be reinforced in periods of market turbulence,” said Partners Group’s Executive Chairman, Alfred Gantner. “Our comprehensive global product offering across different alternative asset classes should allow us to achieve solid asset growth in different market environments.”


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