Rising interest in private assets reflects ‘structural shift’: Fidelity International CEO

FUND managers have to learn to do more in the private assets space and adapt their product offerings to suit changing investor tastes, said Fidelity International’s chief executive Anne Richards.

“More and more of the underlying businesses in which we might want to invest are actually held in private hands rather than listed on stock exchanges. So we have to adapt our world to that,” she said.

Richards, who has worked in the asset management industry since 1992, said there appears to be a “structural shift” in ultimate ownership.