KeyInvest CEO: 'Everything I'm hearing about Metrics, I don't agree with'
The CEO of one of the country's oldest wealth advisers has rushed to defend private credit manager Metrics after it was caught up in concerns about the asset class.
Wealth manager KeyInvest has moved to defend Metrics Credit Partners after the pioneering private credit manager found itself at the centre of growing market jitters about the booming asset class.
KeyInvest chief executive Craig Brooke told Capital Brief that since 2022 the wealth manager formerly known as IOOF had analysed 300 private credit funds available in Australia and had whittled that list down to 12 that they would be prepared to put money, with Metrics one of them.
“Everything that I'm reading and hearing about Metrics Credit Partners I don't agree with," Brooke said. "I'm seeing false statements being made and I'm seeing inexperience from commentators that are making some of these statements”.
Last week, one of the biggest financial planning networks in the country, Count Financial, recommended clients divest from three Metrics funds, the Financial Review first reported.
