In a keynote speech at Investment Week’s Private Markets Summit this month, he told delegates that when building a diversified private markets allocation wealth managers should not only diversify their portfolio by manager and strategy, but also by product structure.
“The LTAF is a UK-specific answer to a UK-specific problem, but it is not the beginning, middle and end of the story. It would be foolish and ruling out quite a lot of the market to think private assets access equals the LTAFs,” he said.
“The LTAF is certainly part of the solution, but I think it is important to realis…