Investment director and fund manager Laurence Boyle says the firm is a true boutique manager because it has a flexible investment process unconstrained by benchmarks and market cap but many firms claiming to be boutiques are not but see the tag as an effective marketing tool.Boyle claims that adv- isers should be wary of big institutions adopting the boutique tag and urges advisers to scrutinise whether their performance lives up to the billing. He says: “A lot of groups see multi-manager as a meal ticket. Their funds of funds are destined to look like the managed funds of life com- panies and banks – they are trying to neutralise asset allocation, market cap and style so end up as quasi index-trackers. Credit Suisse Asset Management joint head of multi-manager Gary Potter says: “There are three definitions of boutiques. Boutique in name, boutique in nature and boutique umbrellas. I can understand the frustration about what constitutes a boutique but it is all about what you get at the end. “Not all boutiques stand for absolute returns and funds with boutique characteristics can be marketed by the bigger groups.”
The Mortgage Works announced last month that it was pulling out of buy-to-let lending on new build flats, and flats less than one year old because the scale of builders’ incentives was making valuations unreliable. It is are continuing to lend on residential new build flats and on newbuild BTL houses.
Protected Linked Deposit I
A discretionary trust can potentially save a pension member’s death benefits from suffering IHT
Standard Life’s latest strategy for ensuring that its demut-ualisation vote goes to plan involves pandering to the reality TV crowd. Apparently, these people are the 25-35-year-olds glued to the likes of Big Brother and X Factor and least likely to vote in this spring’s SGM. The Diary is not sure if Standard will be approa-ching […]
By Robin Geffen, Fund Manager and CEO
Internet giant Alibaba is exactly the type of entrepreneurial company that the high-conviction, top-performing Neptune Global Alpha Fund seeks to invest in. Established just 14 years ago in an apartment in Hangzhou, today Alibaba is larger than Amazon and eBay put together and is challenging some of the most powerful internet companies in the world…
The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.
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With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]
The FCA has finished implementing the recommendations of the Financial Advice Market Review with the publication today of a policy statement relating to personal recommendations today. The FCA aligned itself with Mifid II last year by mandating that regulated advice must contain a personalised recommendation. In August last year, the FCA published a consultation paper […]
Things are moving fast over at the newly merged Standard Life Aberdeen. The very first results for the combined company hit the wires this morning and, finally, a clear strategic direction is emerging. Overall, there were net outflows. Not a great start, particularly given Scottish Widows’ parent Lloyds’ decision to pull its £109bn mandate earlier […]