RWC calls for 'less liquid' investment strategies

Mannix, who replaced Peter Harrison at the helm of the fund boutique, suggested calls for retail clients to take a longer-term view of investing do not chime with existing regulations for retail-friendly fund structures. "The rules on retail funds are not particularly user-friendly in some ways. Retail investors should be able to access less liquid strategies or fund structures where offering daily dealing is not a must," said Mannix. Current UCITs regulations require funds to have a minimum dealing frequency of twice per month at regular intervals, though national regulators can redu...