Partners Group at a Crossroads: Oversold Stock Awaits July AUM Update After Redemption Cap and Short-Seller Attack
Published on 06/24/2026 at 16:34 | Redaktion boerse-global.de
The slide in Partners Group shares has been relentless, but a crucial litmus test arrives on July 15 when the private-markets specialist reports its assets under management for the end of June. With the stock already down more than 34% this year and the Relative Strength Index hovering near 24.5 — deep in oversold territory — the data could either validate the bear case or spark a much-needed recovery.
The angst gripping the market stems from a one-two punch. In late April, US short-seller Grizzly Research published a report accusing Partners Group of overvaluing its evergreen funds. The company immediately hit back with a lawsuit. Then came the real shock: clients demanded redemptions from the $8.6 billion Global Value SICAV that reached nearly 10% of net asset value in the second quarter. Management responded by capping payouts at 5%, a move that shattered confidence and sent shares to a fresh 52-week low of €703. The stock has since clawed back to around €709, but the damage is deep.
Analysts have slashed earnings forecasts for the next two years by as much as 22%, and the consensus price target now stands at 957 francs, with Barclays the most bullish at 1,200 francs. AlphaValue sees 2026 earnings per share at 46 francs. Yet beneath the negative sentiment, the company’s top brass has been loading up on shares. Insiders bought around 31 million francs’ worth in June alone, pushing total insider purchases since February to nearly 60 million francs. Co-founder Fredy Gantner has also increased his stake, blaming the short-seller for the rout.
Should investors sell immediately? Or is it worth buying Partners Group?
Operationally, Partners Group is sticking to its full-year guidance for gross new client demand of $26 billion to $32 billion. A bright spot: last April it closed a new private equity fund worth over $9 billion. But the evergreen platform faces headwinds. Management expects net redemptions to dent overall asset growth by up to two percentage points in the second half of 2026, with a similar drag likely in 2027.
In a bid to address the structural discount, the company plans to restructure its London-listed investment trust into a two-class share structure. Investors will be able to choose between a long-term strategy and a liquidation vehicle. The proposal goes to a shareholder vote in the fourth quarter of 2026.
The immediate focus, however, is on the July 15 AUM update. If growth momentum remains intact despite the redemptions, the oversold stock could find a floor. If not, the insider buying spree so far will have done little to halt the slide.
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Partners Group Stock: New Analysis - 24 June
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