The firm's £16.9bn default investment strategy, FutureWise, will become the first investor in Fidelity's Diversified Private Assets LTAF – which received approval from the Financial Conduct Authority earlier this year. The LTAF was launched to provide exposure to globally diversified private markets across private equity, private credit, infrastructure, real estate and natural resources, as well as public assets «for liquidity purposes». It was designed for defined contribution (DC) pension schemes, but Fidelity said the vehicle will also be suitable for professional investors with lo...
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