Why Fidelity International’s Andrew McCaffery is gunning for private markets hires

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Andrew McCaffery has been recruiting up a storm over the past 12 months.It’s part of Fidelity International’s drive to bolster its private assets expertise — a big growth area for asset managers and one that PwC estimates will swell to as much as $15tn by 2025.

The $768bn asset manager has added 70 people since it set up a new business division last year to launch a range of loan and private credit strategies.“We...

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