FCA eyes 90-day redemption rule on illiquid funds to end mass withdrawals Investing The UK’s financial watchdog has proposed changes to retail investment fund rules in a bid to reduce the risk of rushed asset sales during market volatility. The Financial Conduct Authority (FCA) floated a minimum 90-day notice period for investors withdrawing from long-term investment funds holding illiquid assets such as infrastructure and private equity, in its [...]
Schroders launches first ‘retail’ LTAF with private equity focus Investing Schroders has launched the UK’s first ever retail-focused Long-Term Asset Fund (LTAF), as the investment vehicle finally starts to become available to the wider market. The LTAF, which will be available to wealth managers with retail clients, is the first LTAF Schroders has launched not targeted at pension schemes, charities, or institutional investors. James Lowe, [...]
LTAFs: What are they? Asset management Long-term asset funds, or LTAFs, are sweeping the asset management world, despite very few people knowing what they are.