Plans by the Investment Management Association (IMA), a UK trade body, to change the names of its managed funds sectors have come under more fire.
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Plans by the Investment Management Association (IMA), a UK trade body, to change the names of its managed funds sectors have come under more fire.
The European investment platform of Allianz Global Investors passed the €10bn mark in managed and advised assets that are invested in a 'sustainable and responsible' way.
Paul Myners, who served as financial services minister in the UK's last Labour government, has joined Cevian Capital, Europe's largest active ownership fund manager, as chairman of its UK operations and a partner.
Plans by the Investment Management Association (IMA) to change the names of managed sectors have been met with disdain by some in the industry, who claim the new designations are 'meaningless' and hard for investors to understand.
Man Group, the London-listed alternative investment provider, said it had gathered over $10bn (€7.1bn) in Ucits funds by the end of March this year.
Changes in UK fund tax law are helping restore the country's reputation as a major domicile for Ucits funds, according to Julie Patterson, director of authorised funds and tax at the Investment Management Association (IMA).
