Gosling's Grouse: What is the solution to the fund capacity conundrum?

When the FCA announced recently it was going to look into the issue of the soft-closing of funds I was tempted to say "better late than never".

But, on reflection, I am not feeling that kind as it is about eight, or at my most generous three, years too late. It was obvious in the aftermath of the collapse of Lehman Brothers that more money would flow into a smaller number of funds. Why action is needed now on soft-closures Some of these funds would be able to cope with these flows and others would not. Even those that could cope with the flows would be fine in a stable or rising market, but when a correction came, life would become more difficult. If Lehman's was not the moment for the FCA to look into soft closures, th...