Fund managers, IFAs and investors could be hit with huge costs after the US Senate passed laws forcing millions of people in funds holding US assets to make a declaration to the American tax authorities.
Fund houses argue IMA decision to restructure Managed sectors fails investors
The debate about how quantifiable the skill of active managers is has been reignited again by research from Inalytics, the specialist manager evaluation firm, which concludes fund managers with no significant skill in stockpicking have still been able...
Innovation and competition are at the heart of the UK's vibrant and competitive fund management industry, which is second only to the US.
The economist John Kay in his book Obliquity relates the famous essay by Isaiah Berlin about the hedgehog and the fox in the context of financial markets.