(HedgeCo.Net) The Great Liquidity Migration For decades, the UK’s Defined Contribution (DC) pension schemes were largely locked out of the highest-yielding asset classes: private credit, infrastructure, and venture capital. Today’s launch of the Apollo LTAF represents the crumbling of that wall. Authorized by the Financial Conduct Authority (FCA), this new vehicle allows millions of ordinary workers to harvest the “illiquidity premium”—the extra return earned by holding assets that cannot be so...
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