Britain must grasp chance to be a true leader in private markets
Joe Public has often looked on with envy at the healthy returns generated by the great and the good of the Square Mile from more complex and illiquid investments. Global institutional investors have long reaped the benefits of private assets, but retail investors risk being left behind. So that's why, last week, 17 leading financial services firms gathered in the City to sign the Mansion House Accord, a voluntary agreement to boost investment in private assets, including in the UK.
But we do now need a proper debate to raise awareness of what they are, the returns they offer and the important role they can play in creating a truly diversified investment portfolio.
So what are private assets, what are the investment benefits, and what
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