Private equity funds are losing to the S&P 500 of late—why investments for the wealthy aren't necessarily better
Private equity has lagged the S&P 500 in the last few years despite longer-term outperformance.
On August 28, City of London Investment Management Company Limited announced that its stake in NB Private Equity Partners Limited had fallen below the 5% threshold. The city-based investment firm's voting rights in NB Private Equity Partners were reported to be 4.99%, down from a previously notified position of 5.0004%. City of London Investment Management holds 1,970,677 voting rights through indirect ownership.
The firm notified the issuer of the threshold crossing on Tuesday. NB Private Equity Partners is a non-UK issuer, and the firm holds no voting rights through financial instruments. The notification was completed in the United Kingdom on Tuesday, according to a press release statement.
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