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Citi PB’s Rankin: Illiquidity tolerance has grown… here’s why

The tolerance for illiquid assets among ultra-high-net-worth investors has risen strongly over the past decade, but it is driven by greater caution rather than riskier thinking. That is according Gavin Rankin, EMEA head of managed investments at Citi Private Bank. Speaking to Citywire Selector at Citi’s sprawling Canary Wharf offices,…

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