Investment fund activity is likely to bounce back quite quickly
from the economic crisis caused by the coronavirus pandemic, a
leading figure in the industry has predicted.
Jon Moulton, best known as a turnaround investor, and who also
chairs the business advisory and stockbroking firm Finncap,
said that the evidence from that company was a definite
slowdown on the sales side.
"People don't want to sell in a world where they
perceive values have just gone down, and when nobody
believes they'll stay there. It takes quite a while for people
to adjust to the new level," he said, speaking at the Funds
Forum webinar organised by Guernsey Finance. "Deals
that will happen definitely will decline. There will be less
sales-side activity, probably fewer IPOs, but there
will be exceptions.
