Active fund management

Heads I win, tails you lose

Financial services group True Potential is to enter the fund management market with the launch of its own 15-strong fund range, a senior partner has said.

Fund selectors are increasingly favouring boutique investment houses and rejecting star managers, according to a survey by distribution company Harrington Cooper.

Fund groups are to review their current policies regarding social media after the Financial Conduct Authority published guidelines on what groups can put on websites such as Twitter.

Almost 90% of active UK equity fund managers beat the benchmark index last year, far outstripping the performance of other active managers, an S&P Indices report has found.

Liontrust multi-manager John Husselbee explains what lesson investors should take from the Tour de France in their hunt for consistent returns.

Traditionally, fund managers have only ever shown investors the top ten stocks they are currently holding when they send out their latest factsheets.

Engaging for alpha

The Financial Reporting Council has formally agreed proposals from the Investment Management Association that will see fund managers break down profits and losses in pounds and pence figures for the first time.

The Investment Management Association (IMA) has called on members to "abandon" the use of annual management charges (AMCs) on any literature following the Financial Conduct Authority's guidance on fund fees.