IMA delays absolute return sector review

The IMA says its review of the absolute return sector is unlikely to be completed by the end of this year following delays to the new managed sector definitions.

The review, which was to be completed by December 31, is now likely to conclude in the first half of 2012.

An IMA spokeswoman says: “The absolute return sector review is unlikely to conclude this year, as we have to conclude the managed sector review first.” The IMA delayed the implementation date for its managed sectors from July 1 to October 1 after members called for more time to respond to the proposals.