Explore the latest developments concerning Metrics’ reckoning puts.
Metrics flags compensation for investors after valuation downgrades
Andrew Lockhart, the co-founder of $40 billion private credit fund Metrics, says the asset manager may compensate investors after a delayed audit led to lower valuations across its ASX-listed funds and redemptions being suspended across its underlying products.
Lockhart also revealed that Metrics would review its corporate governance processes after a routine KPMG audit triggered a chain of events that has shaken investor confidence in Australia’s largest private credit manager.
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