The Big Interview: Behind the scenes of launching Fulcrum's LTAF

Joe Davidson speaks to Investment Week

Since the Financial Conduct Authority finalised the regulatory regime for the Long Term Asset Fund in 2021, the asset management industry has been divided on whether this was the solution to the issues open-ended funds have faced when investing in illiquid assets, or if it is the next liquidity scandal waiting to happen.

Fulcrum Asset Management and its managing partner Joe Davidson fall into the former camp, describing the LTAF as a "revolution" for the fund management industry, and a "sensible" idea from the regulators. "It doesn't make sense running the property funds how they used to be done," Davidson says when he sat down with Investment Week to lift the curtain on what it's like to go through the regulator's intense LTAF application process. Fulcrum was given the green light for the launch of its WS Fulcrum Diversified Private Markets (H) LTAF in March, making it the fourth group to receive aut...