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IMA makes three proposals for absolute return sector overhaul

The Investment Management Association has outlined three options for the absolute return sector as part of its consultation.

The asset manager trade body is considering redefining and dividing the sector and group the funds alongside traditional asset-based sectors.

One option being explored is to sub-divide the existing absolute return sector indicating which funds are targeting more stable outcomes, based on cash benchmarks. Other funds would remain within the existing umbrella sector.

Another option could see the funds sub-divided by hedge fund-style categories, such as long/short or global macro strategies.

A further option is to keep funds within a single sector and allow it to grow, but rename and redefine and supply additional information allowing division by assets and investment strategy.

Responses to the consultation are sought by July 3, with a decision for the sector’s future by the end of the year.


Active/passive split is a moot point for Fidelity

Fidelity’s investment solutions group, which manages the firm’s multi-asset and multi-manager funds, has reignited the active versus passive debate in its latest strategy note, Clockwise. Rather than supporting one strategy or the other, investment director Steven Edgley says both are important in portfolio construction and the boundary between them is not always clear. Edgley sees […]

Biofuel boss attempts Sipp rescue package

Sustainable Growth Group chairman Gregg Fryett has put together a rescue package for investors who face £36m losses following the collapse of the biofuels company. In March, Money Marketing reported Southwark Crown Court had issued a freezing order on assets held by Sustainable Growth Group and its subsidiaries Sustainable Agro-energy and Sustainable Wealth Investments after […]


Waterson: FSA stance on equity release ‘outdated’

Former Tory shadow pensions minister Nigel Waterson has called for the FSA to soften its stance on equity release, as Safe Home Income Plans relaunches as the Equity Release Council. On Saturday, equity-release trade body Ship confirmed plans to change its name following the decision to expand its membership to include advisers, lawyers, surveyors and […]

Skandia launches adviser charging structure

Skandia has started taking applications for adviser charging through its platform. Skandia Investment Solutions will enable advisers to sign up customers to adviser charging which allows monetary or percentage charges via initial, regular, switch and adhoc fees. The charging structure comes under Skandia’s current capped limits of 4.5 per cent initial, 3 per cent switching […]

Tech IPOs: The outlook in 2017

Ali Unwin, CTO & Fund Manager, Neptune 2016 was a weak year for technology IPOs – only 13 US venture-backed tech IPOs hit the market, in spite of fairly high public market valuations and investor appetite. Will 2017 be different, asks Neptune CTO & Fund manager Ali Unwin. Click here for article Important Information Investment risks Neptune […]


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