Industry commentators have been predicting larger scale fund range rationalisations for some time, as regulatory and commercial pressures build in this area.
But although mergers and liquidations are continuing across Europe, there has been little impact in terms of a reduction in the overall number of funds. Providers launched 1,027 funds in the first half...
Five new entrants to the table
First day of trading on 15 December
'Duty of responsibility' guidance
Led by Ash Ray
Replacing Tom Hawkins