Allfunds launches dedicated alternatives division

Strong demand from wealth management clients for better access to alternative assets and private markets provided the impetus for the company to start this new business division to better serve the growing appetite for these products and strategies, it said. Chief fund groups officer Borja Largo said: "It was essential for us to have a team dedicated exclusively to alternative assets." Largo added Allfunds was in a good position to understand the requirements and preferences of both general partners and distributors of illiquid strategies. Allfunds chief executive Juan Alcaraz adde...