Fitch Ratings has warned that the outlook for global investment managers is “deteriorating” due to increased macroeconomic and geopolitical risks, as well as an impending US government shutdown.
In the last year, the sector has seen one traditional investment manager, Anima Holding, upgraded from BBB- stable to BBB- positive, while one alternative investment manager, EQT, was upgraded from A- negative to A- stable. Two alternative investment managers, Fortress Investment Group and Investcorp, saw its ratings downgraded by Fitch, from BB positive to BB stable and BB stable to BB negative, respectively. Fitch said traditional and alternative investment managers face different challenges in the year ahead, particularly as growth continues to tighten. AVI Global sees 'fertile ...
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