Cost disclosure: Treasury to consider streamlining AIFMD
MP Bim Afolami says the government is planning to consult on the issue in the next quarter
MP Bim Afolami says the government is planning to consult on the issue in the next quarter
One day after Urban Logistics urged shareholders to vote against it
Comes one week before its consultation with shareholders
Argued against cost disclosure rules for investment companies in reading of second Private Member’s Bill
Gravis’s Bill MacLeod explains how a FinDaTex tweak could prevent double-counting of investment company costs
Sales of investment companies overtook purchases by £53m
Institutions hold £89bn in investment company shares
Trust exposure will increase from 4% to 45% in an effort to improve liquidity
Amount is equivalent to six months’ worth of management fees
Regulators acknowledges that requirements ‘may not result in representative cost information being published’ for investment companies
Kepler analysts expect the investment company’s discount to narrow over time
Classifying investment companies as AIFs is increasing their optical – and not their actual – fees, write Momentum’s Richard Parfect