AMP Limited has begun scaling back its exposure to private credit, describing conditions in the market as increasingly “frothy” as it repositions capital toward infrastructure and other asset classes, according to a report by Bloomberg.
The Australian wealth and pension manager, which oversees around AUD159bn in assets, has gradually reduced private credit allocations within its diversified credit portfolio from roughly 2.5% to about 2% over recent months, according to its investment leadership....
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