FCA mulling increased ‘soft closure’ flexibility
The Financial Conduct Authority is considering improving the flexibility with which funds are able to ‘soft close’.
The Financial Conduct Authority is considering improving the flexibility with which funds are able to ‘soft close’.
Data out from the Association of British Insurers and the Office for National Statistics in the past few days should have asset managers rubbing their hands with a mixture of excitement and trepidation.
Few things on markets have been more thoroughly debated in recent memory than the exact timing of the first rate hike by the Fed.
The sharp corrections and increased volatility of stock markets this August will have hurt many investors. For Absolute Return managers it should have provided an opportunity to demonstrate their skill in managing risk and protecting investors’ capital.
‘Near-cash’ investments such as one to two year corporate bonds are the best idea for investments with an appropriate level of risk and reward says, Janus Capital’s Bill Gross.
Diminished liquidity and the dominance of central banks has left all markets more susceptible to ‘flash crashes’ argues David Riley, head of credit strategy at BlueBay Asset Management.
All fund holdings in the Invesco Perpetual Global Targeted Returns Fund have been converted into direct holdings in underlying assets, the firm has said.
The past week has seen the largest outflows on record from equity funds, the latest Bank of America Merrill Lynch Flow Show report shows.
Aberdeen Asset Management’s drive into the alternatives space continues with the launch of multi-manager liquid alternatives fund.
At a time when many investors were still reeling from the beating taken over the past few days on markets, Harry Nimmo was quietly celebrating a more than 12-fold return on an investment in betting firm Paddy Power.
Morningstar has raised concerns about the size of Standard Life Investments Global Absolute Return Strategies Fund.
Given how many clouds there are around at the moment, silver linings are pretty hard to come by.