Long-term asset funds: a new route to private markets?

Quick Summary:

Beyond that, they will need to articulate a clear case explaining how this new type of fund fits into a set of portfolio options that ranges from highly liquid vehicles such as investment trusts at one end through to illiquid limited partnership funds at the other, and for which types of clients LTAFs are most appropriate.

This suggests that LTAF providers face several challenges: building awareness and support for these products among wealth managers and investment advisers, and especially overcoming recent bad memories of the liquidity problems that have bedevilled open-ended funds that contain illiquid assets.

Unlike many other countries, the UK has a large and varied group of listed closed-end funds — investment trusts — that hold assets including private equity, infrastructure, property and private credit.

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Article Details

Author / Journalist: Andy Davis

Category: MarketsFinanceInvesting

Markets: United StatesGermanyLuxembourg

Topics: Managers Assets Funds Cent Markets Investment Investors Private Fund Market Ltafs

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 04:00:06 (3 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 1681 words

Reading Time: 10 minutes read

Sentences: 62 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23234070

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 10 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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