Allfunds launches dedicated alternatives division

Demand from wealth management clients

The wealth platform Allfunds today announced the launch of its new alternatives division, Allfunds Alternative Solutions.

Strong demand from wealth management clients for better access to alternative assets and private markets provided the impetus for the company to start the new division in order to better serve the growing appetite for these products and strategies, it said. Chief fund groups officer at Allfunds 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. Bond resurgence sparks rethink ...