Image: MorningstarHow Should Investors Read the Mixed Signals Coming From Private Markets?
• Investors are facing mixed signals as private market managers' stock prices have performed poorly in 2026 despite solid returns from the underlying assets and funds. • Morningstar’s listed private equity index has shown some recovery after early-year losses, while firms like Blackstone continue to report solid earnings. • This disconnect highlights a gap between the valuation of asset management companies and the actual performance of the alternative investments they oversee.
morningstar.com


