Mon, Aug 15, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Other Voices: The UK long term asset fund has arrived

Thursday, December 09, 2021

By: Helen Parsonage and Sebastian Biggam at Osborne Clarke

Managers, investors and all those in tune with the UK's asset management industry were greeted recently with the news that the Financial Conduct Authority (FCA) had finalised the rules for the new UK Long-Term Asset Fund (LTAF), initially consulted on in May 2021.

Targeted at institutional investors, particularly defined contribution (DC) pension schemes, as well as sophisticated and certified high-net-worth investors, the introduction of the LTAF may be a welcome development for parties seeking to unlock the investment potential of long-term illiquid asset classes within a structurally sound environment and appropriately designed vehicles.

The government highlighted in August, in an open letter to UK institutional investors calling for an "Investment Big Bang", the need to remove barriers to DC pension schemes including illiquid assets in their default investment strategies. The FCA has since accommodated many of the industry's responses to its consultation on the scope of the long-term asset fund regime. Investment managers are now entitled, since 15 November 2021, to apply for authorisation of LTAFs, the regulator has confirmed.

The hope within government is that the new f......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: ESG exuberance is at all-time highs. But will investors buy?[more]

    As investors increase their focus on mission-based investing, they continue to grapple with ESG and what it means to them. By David Shalom, Director of Capital Introductions at Pershing Innovation. New investment solutions. That's how managers deliver value and attract new inve

  2. Alts managers sitting on over $2.5tn+ of dry powder[more]

    Laxman Pai, Opalesque Asia: In the current rising interest rate environment, investment activity in the private markets has continued to grow, revealed a study. "With alts managers sitting on over $2.5T+ of dry powder and continuing to enjoy premium valuations and interest rates on a prec

  3. Opalesque Exclusive: Hong Kong manager expects additional tailwind in Asian markets[more]

    B. G., Opalesque Geneva: The Asia equity markets have not been at their best so far this year, with the MSCI Asia index down almost 13% YTD, but many managers remain buoyant about the region, as in

  4. Opalesque Exclusive: Emerging markets persist despite headwinds[more]

    Bailey McCann, Opalesque New York: Emerging markets have been under significant pressure since the start of the year, but there are some nascent trends that suggest that things could be getting better. Emerging markets firm Gramercy Fund Management recently released its third quarter outlook and

  5. Opalesque Exclusive: Castle Hall's DiligenceExchange free Transparency Reports cover 100 managers with $10tn of assets[more]

    Matthias Knab, Opalesque for New Managers: Managers and investors can get free access to DiligenceExchange here: https://bit.ly/DXCInfo Castle Hall, the Du