Hamilton Lane Shares Slide Following Hunterbrook Short Report
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Shares of Hamilton Lane Inc (NASDAQ:HLNE) fell 5.67% to $89.46 following a short report by Hunterbrook Media, which raised concerns about the firm's valuation practices and fee structures. The report alleges that Hamilton Lane inflates earnings through "day-one markups" on secondary assets, leading to a 37% boost in reported fee-related earnings. Hunterbrook warns that the firm's financial model is at risk if retail investor withdrawals increase, citing a $172 million net outflow from one of its evergreen funds in March.
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