Julius Baer head of private markets strategy and research Cyril Demaria-Bengochea speaks to Professional Adviser about the opportunity private markets provides for advisers’ clients but warns data and transparency challenges are unlikely to disappear.
Private markets are growing in popularity, with 74% of UK wealth managers and IFAs planning to up their own personal allocations to private markets, according to Wealth Club research. Demaria-Bengochea explained, for advisers, the opportunity is "very clear". With private markets, he claimed, clients have a "broader investment universe" to work with. This offers advisers the opportunity to "fine tune" and "really adapt" the asset allocation of the client because they have a "broader toolbox". "You can build something different," Demaria-Bengochea said. Evergreen funds A pop...
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