Soaring tech stocks could cut PE returns, warns family office CIO

Spiralling stock valuations of technology companies could have a damaging effect on private equity rewards, so family offices and other investors should consider looking to out-of-favour sectors such as financial companies that could act as a good inflation hedge, suggests the chief investment officer of Nan Fung Trinity, a Hong Kong family office. While global equities were hit by volatility as the coronavirus pandemic raged across the globe last year, Asian investors poured mone…