Market Update 20 October 2026, with columns by Harry Geels, Pim Poppe and Danny Dieleman
Market Update 20 October 2026

Danny Dieleman: Is Private Credit’s NAV the whole truth, or only half the truth?

If the NAV of a listed private credit fund differs from the market price, is the NAV incorrect, or is the market wrong?

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Pim Poppe: Are you managing the risks identified by the IMF?

What do the risks highlighted in the latest IMF report mean for institutional investors? AI corrections and cyber threats, in particular, are key areas of focus for risk management.

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These are the key moves from last week

Duco IJspeert, Maurice Eeken, Maurits Franck, Daan den Ouden and Bas van Horen, among others, have taken up new roles or changed employers.

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Harry Geels: The ‘we’re doing so well’ fallacy

‘We’re doing really well, aren’t we?’ That sounds reasonable, but it’s no argument for higher taxes. Four fallacies behind a persistent cliché.

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