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David Jolly: Secondaries firms are playing a crucial role
David Jolly says secondaries are facilitating liquidity options for defined benefit (DB) schemes transitioning towards their end game. They also offer LGPS and DC schemes with longer term horizons the opportunity to diversify and access the strong returns that private markets offer.
Over the past two years, pension schemes have been adjusting to a new environment with interest rates rising to levels not seen since before the Global Financial Crisis. The volatility this has tri...
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