City Financial, an independent London-based fund manager, has hired Ed Rosengarten and four of his colleagues from Eden Financial to develop its in-house asset management capability.
Cutting equity exposure and increasing allocations to alternatives is one way that pension schemes have been adapting to the 'new normal'. Fiona Rintoul looks at how asset allocation is evolving.
Fund of funds (FoF) net sales in the UK exceeded £1 billion (€1.2 billion) in the second quarter.
Assets managed by the top 100 alternative investment managers globally exceed $3 trillion (€2.4 trillion),
The country's asset managers have been rationalising and strengthening their existing fund ranges. Stefanie Eschenbacher reports.
Sixty per cent of active equity mutual funds on average failed to outperform their benchmarks over the past 20 years - though in some years as many as 60% also beat it.
