Only a 'handful' of managers to join Baillie Gifford and Fidelity in race for unlisted assets in trusts

11 trusts since 2018

Since 2018, ten trusts gained approval to expand unquoted exposure, with one more due to vote on a proposal shortly. All these trusts are run by just two asset managers, Baillie Gifford and Fidelity International, and experts think there will only be a “handful” of more firms likely to join their ranks due to the challenges private market investing poses.