IMA

Last week it was announced Richard Saunders, the chief executive of the Investment Management Association (IMA), is stepping down after a decade overseeing the trade body.

Leading asset managers are calling for drastic changes to the way the IMA operates, with some arguing the trade body should no longer be responsible for sector names or definitions.

AUSTRALIA

Richard Saunders, chief executive of the Investment Management Association, is to step down at the end of 2012.

Lindsell Train co-founder Nick Train has called the beginning of a new technology bull run following Apple's explosive start to 2012.

AN APR FOR FUNDS?

The Association of Investment Companies (AIC) is advising members with modest investments in US securities to avoid signing up to FATCA, in the same week as the IMA called for a further delay to the deadline.

A paper being reviewed by the House of Lords has launched an attack on the Investment Management Association, saying it is ill-equipped to decide on sector classifications, and the job should fall to a more impartial body.

Net retail sales for Q1 2012 have slumped considerably compared to the two previous years, according to the Investment Management Association (IMA).

Two top Japan equity managers are at odds over the country's prospects, with one declaring the "years of hurt are over" while the other forecasts "fiscal destruction".