PDI Picks – 4/9/2018

No one ever got fired for buying IBM


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Investors appear to be adopting a ‘safety first’ approach as a decreasing number of managers benefit from continuing appetite for private debt.

Excuse the rudimentary math, but if you take the total number of managers which closed private debt funds in the first quarter (28) and multiply that by four to reach a figure for 2018 as a whole, it comes to 112.

This would be the lowest annual total of managers closing funds since 2011,