View more on these topics

SEI’s Addison: RDR set to create multi-manager shake-up

SEI’s head of asset management distribution for UK and Europe Kevin Addison says the “herd mentality” of UK funds of funds could come under pressure as transparency improves following the RDR and a fee-based advice framework focuses the minds of cost-conscious investors.

He says: “When investors start looking at these funds they might be surprised how similar in composition some of them are. There is something of a herd mentality in this market.”

Addison says the “somewhat saturated” market is now at risk of plateauing, resulting in investors choosing to move away from established star managers to peers with shorter track records.

Addison favours the global manager-of-manager approach, in which mandates are awarded to fund managers and blended into portfolios offering exposure to asset classes around the world.

This creates truer diversification, he argues, giving providers more control over underlying managers and mandates.

He says: “We invest in the best managers in any given area and ensure they manage mandates in line with our requirements. We do not just invest in off-the-shelf funds.”

Recommended

5

RBS set to pay out £250m in bonuses

The Royal Bank of Scotland is set to pay out £250m in bonuses to staff at its investment banking arm this year. The FT reports the money will go into the division implicated in the Libor rigging scandal with RBS expected to face fines of around £500m in the coming weeks. Last year the state-owned […]

Alastair Conway to leave Cofunds

Cofunds head of sales and marketing Alastair Conway is leaving the platform after five years. Following his departure the firm will split its sales and marketing functions. Head of proposition Verona Smith will become director of marketing and head of investor and wealth distribution, while Andy Coleman will become director of investor and wealth distribution. […]

MPs slam funding for lending ‘bias’ toward mortgages

The Treasury select committee has hit out at the Funding for Lending Scheme for a “bias” towards mortgages rather than business lending. In the committee’s report on the chancellor’s Autumn Statement, published this week, MPs say they are concerned about reports that businesses are not benefiting from FLS. On the back of the scheme the […]

Europe: why persist with value today?

By Rob Burnett, Neptune’s Head of European Equities The Neptune European Opportunities Fund remains committed to a value bias. We see a broadening array of opportunities in diversified industries at compelling valuations today. The most complicated part of the market is the European banks. We are currently overweight in this sub-sector as many banks are […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com