Last year saw some titanic battles in the closed-ended fund space, as activist investors flexed their muscles and challenged investment trust boards on issues including fund performance and value for money.
Political and market volatility in weeks ahead
The FCA's interim findings as part of its Asset Management Market Study, released last November, should have left the industry in no doubt about the direction of travel for the sector over the coming months and years.
Retaining existing customers a key element
Investors are getting increasingly jittery about Europe. Political risk is ratcheting up as elections in the Netherlands, France and Germany over the coming months have the potential to threaten the very existence of the European Union and cause ructions...
PwC study highlighted lack of innovation