Somebody has to protect the smaller IFA

letter

IMA proposals for standard disclosure policy on fund holdings

Chris Welsford, Ayres Punchard Sir, I read with interest your front page article (12 July 2004) detailing the IMA's proposals for a standard disclosure policy on fund holdings. I have been managing collective portfolios for the past eight years and there are large differences between fund management groups in what they publish/make available regarding fund holdings and strategies. On the whole, the smaller groups and boutiques are the best at making public their investment holdings, whilst the larger companies, in particular those that are also life insurance groups, are less co-opera...