The Financial Conduct Authority risks becoming a “timid and cowed regulator” unless chief executive Andrew Bailey can effectively distance himself from politics and the financial industry, according to Cass Business School.
Cass Business School has produced four papers examining smart beta, under sponsorship by Invesco Powershares.
The first quarter of 2015 has already seen the most mergers and acquisitions activity since Towers Watson began compiling its Quarterly Deal Performance Monitor in 2008, the firm has said.
New research by the Pensions Institute demonstrates that even star fund managers struggle to beat the benchmark, when costs and fund size is included.
