Security issues
Gerry Reilly, principal,GR Associates Sir,I was interested in your leader article of the 10 May, regarding the dangers of dipping in and out of funds. What you failed to mention was the effect on the firms in which institutions invest or trade and it would be good to see an analysis of this area. Surely, it can provide no security for these companies if several millions invested in them can be pulled out on a whim. Are these companies to go to the local friendly bank and ask it to take up the slack at no notice, and if so, at what price? Fund managers are always good at trotting out the na...
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