By Kira Nickerson Clerical Medical believes the introduction of free float indices in 2001 will help...
By Kira Nickerson Clerical Medical believes the introduction of free float indices in 2001 will help alleviate some of the problems encountered by UK institutional fund managers who follow their benchmarks too closely. In its response to Paul Myner's consultation paper on the problems facing pension fund investments, Clerical Medical said the increasing pressures on fund managers to deliver performance is being exacerbated by the increasing role of tracker funds. Will Claxton-Smith, director UK equities at Clerical Medical, said: "The mechanistic nature of tracker funds combined with the...
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