Mifid II finds cheerleaders among ‘over-brokered’ industry
‘Small companies do not have a divine right to be covered’
‘Small companies do not have a divine right to be covered’
While the transaction costs uncovered by Mifid II and spotlighted by the Lang Cat’s analysis on 20 of the most influential UK retail funds have revealed the industry’s lack of transparency, they have also generated more questions without obvious answers.
Given the enormous amount of attention Daniel Godfrey’s proposed launch of The People’s Trust received, it seemed a cruel irony the announcement it had failed to gather enough assets to be viable came in the middle of Good Money Week.
Given the enormous amount of attention Daniel Godfrey’s proposed launch of The People’s Trust received, it seemed a cruel irony the announcement it had failed to gather enough assets to be viable came in the middle of Good Money Week.
The People’s Trust is no more after failing to raise a sufficient level of capital to be viable.
Daniel Godfrey has assembled the first members of The People’s Trust shareholders’ committee and appointed Catherine Howarth, chief executive of ShareAction, to chair the group.
Daniel Godfrey’s The People’s Trust released an offer for subscription on Friday but the initial placement offer (IPO) will not happen until the 17 of October.
With several fund selectors opting to publish the track records of their rated funds, what, if anything, can convince the Financial Conduct Authority that research consultants are adding value?
Daniel Godfrey is on a charm offensive. With the initial public offering (IPO) of The People’s Trust pencilled in for 7 September, he is busy preparing to float the trust on two stock exchanges.
The Financial Conduct Authority’s long-awaited final report on the asset management sector will have disappointed many expecting an overhaul of the entire market.
Daniel Godfrey’s The People’s Trust has revealed its final line-up, but Orbis Investments has pulled out.
Former Investment Association chief Daniel Godfrey is set to unveil the full line-up of managers who will run his new investment trust, The People’s Trust, next week.