An innovative solution in a changing world

As the industry heads towards a global market, where geographic and product boundaries no longer exist, multi-manager can be an innovative solution for advisers and their clients, says Bill McQuaker, director of multi-manager at Henderson Global Investors. "When I started in the industry some 20 years ago, the business was much more compartmentalised," he says. "Nowadays managers have a much wider canvass to work on with - for example, bond managers now having to consider government, corporate and high yield bonds as well as derivative instruments." McQuaker believes this will result in a...