T Bailey

T. Bailey multi-manager Elliot Farley is reducing his exposure to fixed interest and emerging markets in favour of developed market equities.

ON ASSET ALLOCATION

ON ASSET ALLOCATION

T. Bailey has promoted assistant manager Elliot Farley to head up its £36m Cautious Managed fund.

T. Bailey is preparing to launch a multi-asset cautious managed fund for Elliot Farley at the end of July.

T.Bailey's Philippa Gee has resigned as head of sales to launch her own IFA business.

T.Bailey has received investor approval to merge its £1.8m UK Best Ideas fund into its flagship £158m Growth portfolio.

As the debate between passive vs active investing continues to divide opinion, a fine balance exists between the two, wherein it is possible to get a passive underlay with an active overlay. In such precarious times, balance is everything

Many moons ago, I mentioned in this column my leisurely lunch one fine summer's day with Mr Ed Moisson from Lipper, during which we discussed the costs involved with fund management.

There have been two events within the multi-manager sector of the market occurring in the last two weeks - both quite different in nature - that are equally important and point a way forward for advisers.