Partners Group Founder Calls Share Slide Overreaction
Co-founder Fredy Gantner maintains that the Swiss asset manager remains solid despite a sixteen percent share drop following withdrawal limits on two funds. Gantner recently increased his stake in the firm and noted that client inflows remained strong during the first quarter.
Partners Group Holding AG co-founder Fredy Gantner described a 16% slide in the firm's share price as a "massive overreaction" following the implementation of withdrawal limits on two funds. The Zug-based company, founded by Gantner alongside Marcel Erni and Urs Wietlisbach, restricted redemptions after evergreen funds exceeded a 5% quarterly cap. The announcement triggered the sell-off despite Gantner’s assertion that day-to-day business remains solid with strong first-quarter inflows.
