The omission of retail investors from those eligible to invest in the new long-term asset fund structure has been questioned by industry commentators, who ask why wealthy investors have been afforded “special treatment”.
Dzmitry Lipski, head of fund research at interactive investor, noted that while the LTAF was "initially intended for ‘pension funds' or ‘sophisticated' or ‘wealthy' private investors in the first instance", this does not explain why such a decision has been made. "We are particularly mystified about why wealthy investors warrant special treatment," he said. LTAF will require minimum 90-day notice period and lays groundwork for property fund overhaul While Lipski added he was "alarmed" at plans to consult on wider retail distribution as early as next year, Helen Morrissey, senior pe...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
