Recent news that Midas Capital had to issue a profits warning serves as a stark reminder of just how...
Recent news that Midas Capital had to issue a profits warning serves as a stark reminder of just how quickly fortunes can change in the investment industry. Just a year ago, the group was being talked up as a major innovator in the multi-asset space and its funds were among the top sellers across the various platforms. But after a high-profile merger with iimia/Miton and a period of underperformance, the group is predicting lower 2008 profits than it originally envisaged. No one is suggesting managers become bad overnight - and in Alan Borrows and Simon Edwards, plus all the well-know...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
