The investment world is more focused on performance than ever due to rising standards in competition, according to round table panellists.Credit Suisse co-head of multi-manager Gary Potter said: “Performance is a key area of focus but there is almost too much focus on it. People are now looking at how we are doing on almost a weekly basis.” Despite this, Potter said multi-managers are better placed to outperform the market than intermediaries because of their depth of resources and ability to analyse the markets. He said: “There is a far deeper analysis of funds available now than there was five years ago and our month-by-month analysis has far more depth.” Jupiter director John Chatfeild-Roberts said: “Everybody is now focused on performance and standards have risen.” Gartmore fund manager (multi-manager) Marcus Brookes said that part of the reason for the focus on performance is because the rise in the profile of multi-managers has led to competition for assets being more fierce than ever before.
Network Data has more than tripled profits for the first half of this year to £880,000 from £268,000 in the same period last year.
How advisers can use customer-focused marketing techniques to strengthen client relationships
Resolution Asset Management has appointed Gary McAleese as investment manager on its UK equities desk.McAleese has nine years investment experience and was previously at Aberdeen Asset Management where he was co-manager of the £475m Murray income trust since early 2005. He also ran the group’s Edinburgh managed fund between 2003 and 2005.Prior to that he […]
Mortgage brokers can bid for leads under a scheme developed by Paaleads.com.
It can be difficult for employees to control their spending habits, in fact they may not realise that they have bad habits at all.
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]