In the first of a three-part special on alternative investments, Intelligent Partnership director Dan Kiernan takes stock of a year in which a regulatory crackdown on unregulated investments had immediate consequences...
Well, that was a difficult year. There were a number of issues, most notably in the purpose-built student property market. Some big names - who claimed to be performing well - suspended redemptions from their student accommodation fund, citing liquidity issues. Perhaps a decline in investment in the wake of new FSA restrictions on UCIS investment caused the liquidity crunch. In fact the UCIS [unregulated collective investment scheme] sector really suffered overall, with a number of advisers fined by the Financial Conduct Authority (FCA) in relation to mis-selling. In June the FC...
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