Stephen Yiu, chief investment officer and lead manager of the newly launched £49m Growth fund at Blue Whale Capital, has said closet trackers are his biggest industry concern as they continue to give active management a bad reputation.
Speaking to Investment Week, Yiu claimed the majority of funds are closet trackers. "What happens is [fund providers] gather assets through strong marketing, run a diversified portfolio and monitor...
Joe McDonnell joins as head of portfolio solutions (EMEA)
Latest edition of the print magazine online
Latest news and analysis
253 deals in 2018
Changing fund structure