穆迪警告向零售投資者銷售私募股權及私募債券基金 或致金融市場過熱
《華爾街日報》報道,評級機構穆迪報告警告,華爾街推動向個人投資者銷售私募股權和私募債務基金的行為,可能導致金融市場過熱,並對發起該等基金的公司產生反效果。
報道指,私募基金經理轉向零售投資者,以彌補來自退休金及基金等傳統客戶的資金下降。報告警告,向零售客戶銷售將為私募資產管理公司帶來新風險,包括聲譽損失、監管審查加劇及成本上升,即將到來的零售投資者投入激增可能對金融系統構成壓力。
該機構解釋,如果增長速度超過行業管理能力,可能產生系統性後果。如果私募資產管理公司在爭奪市場份額過程中,信貸標準下滑或風險管理失誤,亦將面臨聲譽風險。
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