Story by: Nick Rice, Investment Adviser
Advisers have clashed over the level of due diligence they need to perform on a multi-manager or multi-asset portfolio following a massive discrepancy in returns last year.
Ignis Asset Management will look at new products and more active asset allocation for the Maia range to differentiate it in a "crowded marketplace", according to its sales and marketing director.
Major markets have started to move closer together making it more difficult to identify where top returns will come from in the immediate future, according to Rob Burdett, fund range manager for Thames River Capital.
Pay packets proved a key catalyst in the dissolution of Maia Capital Partners, one of its remaining managers has said, after shareholder Ignis Asset Management retained him to run the funds for it in-house.
Ignis and Maia Capital Partners have agreed to terminate their fund of funds joint venture, prompting Maia partners Chris Ralph and Jason Collins to leave the business.
Midas Capital is retaining the iimia brand on just a single retail fund after bringing its four iimia Oeics under the Miton umbrella.
LV= Asset Management's aggressive expansion into the retail market was given a further boost today (1 July) after it was confirmed that LVAM's multi manager funds will be added to the Cofunds platform.
Mixed-asset multi-manager OPM Fund Management has moved its Fixed Interest portfolio towards the high-yield end of the credit spectrum, as investment-grade bonds move downwards with gilts.
At the time of writing I am, like many others in the industry, eagerly awaiting the publication of the newly-named Retail Distribution Implementation Programme with a mixture of interest and trepidation.
Two former Insight Investment multi-managers have formed a new multi-asset management business aimed at filling the gap between traditional and alternative managed funds.
Way Group sales and marketing director Eddie O'Gorman talks to Stephen Wilmot about building the company's service infrastructure
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City Financial chief executive Andrew Williams talks to Nick Rice about the workings of a multi-boutique
How to choose a multi-manager fund efficiently
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