Stuart MacKenzie , Peter Hayward-Butt and Mike Pfaff at the firm's listing in 2016. Picture: SUPPLIED
Ethos Capital says its portfolio has recovered. The private equity group says most of its investees have returned to pre-Covid-19 profit levels, and this has helped the group report a 27% increase in its annual basic net asset value per share. But Ethos has highlighted Virgin Active as a standout underperformer, with the health club chain still not at pre-pandemic levels due to slow membership recovery in the wake of lockdowns restrictions.