Asset Servicing · Funds

LGIM uses Lux Raif umbrella fund to sell unlisted debt

Luxembourg umbrella's. Photo via iStock.

Legal & General Investment Management (LGIM) on Wednesday has announced that it has launched its Short-Term Alternative Finance Fund under its newly created umbrella fund platform leveraging the Luxembourg regime for Reserved Alternative Investment Funds, or Raifs. The move comes in response to growing investor demand for such credit strategies, the firm said.

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