IMA sees limits to CP164

Just as the AITC before it, the IMA says proposals to cap cross-holdings between investment trust companies will need to be developed with great care in order not to penalise legitimate investment strategies. Some of the proposals to change the listing rules, as prescribed by CP164, are seen as limiting investment companies from developing funds of funds strategies or from investing in funds of funds products in order to manage risk or offer investors an alternative to plain vanilla investment funds. The limits have been proposed because of the antics of the so-called "magic c...