There are some long-standing practices in the asset management industry which are clearly ripe for review. However, removing past performance data from key funds documents appears a dangerous step and one likely to create worse outcomes for consumers....
Many column inches have been written about the dangers of key man risk for asset managers, but what about the other side of the coin: the perils of not having well-known individuals attached to a fund?
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Over the past decade, sector classification issues have proved a persistent thorn in the side of the Investment Association (and predecessor the IMA).