Absolute Returns

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Standard Life's Global Absolute Return Strategies fund has dropped out of the top ten highest inflows on Fidelity FundsNetwork, according to data from the platform.

The Financial Services Authority (FSA) has brought cases against Arch Financial Products and the company's chief executive Robin Farrell and chief operating officer Robert Addison.

Threadneedle has launched a multi-asset absolute return fund for new hire Toby Nangle who joined the group this year from Barings.

BlackRock's absolute return manager Mark Lyttleton is due to return to his post next week after an extended break from the industry.

Financial planner Informed Choice has criticising the bulk of absolute return funds for charging unjustifiably high fees and lacking consistency of returns.

STORMBREAKERS

The Investment Management Association (IMA) has put forward three proposals to member groups on how to divide up the Absolute Return sector.

Consumer group Which? has listed absolute return funds and task-based income protection cover among a list of 'financial products to avoid'.

The Investment Management Association (IMA) committee carrying out a review of the Absolute Return sector is divided over whether to change the sector's name, Investment Week, IFAonline's sister title, reports.