Vef Ab (VEFAB) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the PEF Q1 2026 earnings call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 1 on your telephone. You will then hear an automated message advising your hand is raised. To answer your question, please press star 1 1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, David Nangle, CEO. Please go ahead. Super. Thank you very much, operator, and good morning, good afternoon, everybody, and thanks for joining us in our first quarter 26 results call and presentation. As per usual, I have my colleague and CIO, Alexis Camudos, with me, and we'll spend the next 15, 20 minutes just running through and all the events and key numbers and parts that made up the quarter for Veth as was. All the details are online as well from a presentation point of view, and that will be available as well after this call. But just key events of the quarter, looking at slide number two. I think bigger picture, we're all very cognizant and aware of the geopolitical driven volatility, the world that we're living in, the first order effects, the potential second order effects. We're not going to delve into all of that here because it's well documented, by many people elsewhere but we will give you a bit of a flavor of how life at best has been affected by that while we marry in all the micro level delivery of the first quarter and i think the first point is the nav itself obviously we had a bit of a headwind in q1 and naturally when 30 of your portfolio is marked model and you have a market sell-off so the nav ...