Lure of ‘Free Money’ in Secondaries Nears a Mania Demand for secondary funds focused on private markets is soaring, in part because some investors are seizing on an accounting quirk that allows them to buy assets at a discount and then revalue them at par. Related Posts:Private Credit Concerns Grow as Execs See Tough Times AheadBooming Asian Markets Widen Their Lead Over US and EuropeAI Boom Seen Driving Next Decade of Emerging Markets…Private Markets Push for World’s Wealthy Runs Into…'AI Scare Trade': Are Investors Overreacting?Fast-Money Quants Stumble as Momentum Bust Roils StrategiesSee also Actor Ben McKenzie Explores Cryptocurrency Fraud in Doc.
