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Cofunds: We are not up for sale

Cofunds has denied reports that it is in negotiations to sell off the business.

The Sunday Telegraph reported earlier that Legal & General had launched a bid to acquire the funds supermarket.

However, Cofunds has denied that the board has any plans to sell the business, via twitter.

Speculation grew after it was announced today that former Cofunds managing directors Andy Creak and Andrew Harris launched a new consumer offering – rplan – with former colleagues Gavin Baird and Nick Curry.


JO Hambro plans long/short play but rules out fixed income

JO Hambro says it is planning to launch a long/short fund but has ruled out entering the fixed-income or absolute return sector. The long-only equity boutique has a range of 15 funds, including two Asia funds that launched in October. JO Hambro chief executive Gavin Rochussen says: “We will look at launching a long/short fund. […]


FSA says KFIs are too long and complex

The FSA has criticised the industry for using what it says are lengthy and complex key features illustrations which confuse consumers. In an interview with Money Marketing, following the publication of the FSA’s policy statement on product disclosure rules, head of investment policy Peter Smith (pictured) says firms are only focusing on their regulatory liability […]

Bermuda shorts

Clients who are very risk-averse and want a regular monthly income should stick to cash


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