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Just changing Regulation 28 isn't enough


MONEYWEB
app instead?
Attracting more investment into infrastructure requires asset managers to come up with accessible products.
By Patrick Cairns, Citywire
3 Mar 2021 
09:00 
The burning question for a lot of institutional investors looking for exposure is the liquidity issue in private markets. Image: Shutterstock
Last week, National Treasury proposed amendments to Regulation 28 that would allow greater allocations to infrastructure in pension funds.
This has been largely welcomed, yet very few funds are near the current limits as they stand. Investing in private markets is often seen as risky, and highly specialised.
“This is still fairly unfamiliar territory for many institutional investors,” says Yoza Jekwa, joint MD at Mergence Investment Managers. “There’s still a lot of work we need to do in developing the understanding of what unlisted credit and unlisted equity look like, and what the performance track record has been ....

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