Fidelity International eyes LTAF launch as private assets co-CIO exits

Andrew McCaffery steps down

Valeria Martinez
clock • 2 min read

Fidelity International’s co-chief investment officer for fixed income, multi-asset and private assets Andrew McCaffery is stepping down after five years, as the firm prepares the launch of its first Long-Term Asset fund.

McCaffery joined the asset manager in 2019 as the lead for alternatives and solutions before taking on a broader global CIO position, where he has played a key role in helping to build and diversify the firm's private asset capabilities.  Prior to his time at Fidelity, he headed up abrdn's global alternatives division, including all activity in liquid alternatives, private markets and real asset investing. His departure comes as Fidelity explores plans to join Schroders, BlackRock, Aviva Investors and Fulcrum in launching a private assets LTAF for UK pension schemes.  LTAFs elude r...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on People moves

Quilter Cheviot CEO Andy McGlone joins PIMFA board

Quilter Cheviot CEO Andy McGlone joins PIMFA board

Joined by Charley Davies of Evelyn Partners

Eve Maddock-Jones
clock 21 November 2024 • 1 min read
Neuberger Berman hires former Schroders global fixed income and currency head Paul Grainger

Neuberger Berman hires former Schroders global fixed income and currency head Paul Grainger

Departed in September 2023

Valeria Martinez
clock 20 November 2024 • 1 min read
Jupiter poaches European equity team from GAM Investments

Jupiter poaches European equity team from GAM Investments

Niall Gallagher, Chris Sellers and Chris Legg

Sorin-Andrei Dojan
clock 19 November 2024 • 1 min read
Trustpilot