If they were in any doubt, asset managers have been made painfully aware the Financial Conduct Authority (FCA) means serious business when it comes to tackling the key issues blighting our industry, including dealing with closet tracker funds.
The FCA said over the weekend that a number of asset managers have taken the step of paying £34m in compensation to investors who overpaid for closet trackers following an investigation by the regulator...
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Partner Insight: Alex Wright explains how he has honed his value contrarian approach to investing in the Fidelity Special Situations Fund and why the potential to lose money is often lower than in traditional funds