AddVentures by SCG, the corporate venture capital arm of Thailand’s $13-billion Siam Cement Group (SCG), feels fund managers will have to adjust their returns this year because of the ongoing global economic crisis.
In an interview with DealStreetAsia, AddVentures by SCG Managing Director Dusit Chairat said funds in the 2014-15 vintage would already have reported good returns but might have to adjust them down this year while the 2018-19 vintage, which started investing before the COVID19 pandemic, will struggle more with their performance.