IMA expects Absolute Return results by end of February

The IMA expects to announce the results of its Absolute Return sector review by the end of February.

It had hoped to publish the results of the review by the end of 2012, but this will now be delayed until Q1, 2013. The sector review was originally intended to conclude by the end of 2011, but was subsequently delayed until June this year and has now been put back into next year. It is understood further consultation could take place with consumers before the IMA reaches a final decision on the sector. Daniel Godfrey, chief executive of the Investment Management Association, said: "I am aware that we had hoped to have clarity on the future shape of the Absolute Return sector by ...