When the FCA announced recently it was going to look into the issue of the soft-closing of funds I was tempted to say "better late than never".
But, on reflection, I am not feeling that kind as it is about eight, or at my most generous three, years too late. It was obvious in the aftermath of the collapse of Lehman Brothers that more money...
Joe McDonnell joins as head of portfolio solutions (EMEA)
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253 deals in 2018
Changing fund structure