Fund of fund business set to rise due to Myners Report

Treasury guidelines resulting from the Myners Report could result in a sharp increase in the amount of business for fund of fund managers, according to Aegon Asset Management. Its head of fixed interest Malcolm Jones said that if pension fund trustees are concerned about abiding by the additional requirements from the Treasury announced earlier this month, they could be more inclined to defer judgement to institutional fund of fund managers. He believes this is most likely to affect smaller scheme trustees as they might be concerned that they lack the relevant expertise to make investm...