Investment

Sector unlikely to be cause of any impending financial crisis

10 year working relationship

No plans to take advantage of government schemes

£8.7bn withdrawn from funds

Fixed income and equity offering

'No false hope'

Alessandro Dicorrado and Steve Woolley to take over Mundy's funds

'A bit of smoke and mirrors'

'Significant progess' made in FCA talks so far

26 of 38 lost money