Cayman court finds two hedge fund directors negligent
A Cayman Islands court has found two directors of a failed hedge fund guilty of "wilful neglect".
A Cayman Islands court has found two directors of a failed hedge fund guilty of "wilful neglect".
Funds of funds sales reach highest level on record, says IMA
Sales of cash and money market funds have halved over the past 12 months, according to Skandia.
Actively managed North American funds struggle to consistently outperform the S&P 500 index.
May Isa sales reached their highest level outside a tax season month in 11 years, the IMA reports.
UK funds offer substantial security for investors despite incidents of fraud that can cause concern.
European funds are among the best performers over first half of 2011.
Scottish Widows Investment Partnership is to close five funds.
Strategic bond sales firmed their position in July, as investors anticipated volatile conditions.
European fund sales struggle into positive territory as investors withdrew from equity funds.
M&Gs fixed income range was the biggest draw for investors over first half of 2011.
With net retail inflows of £332m, Global was the best selling area of the market in June.