IMA introduces timing safeguards

The Investment Management Association - the UK's trade body for fund managers - is introducing draft guidelines to its members on detecting and controlling market timers and safeguarding funds from negative consequences. This includes implementation of an appropriate supervisory structure including policies to detect and deal with timers and ensuring that someone in senior management is assigned responsibility for supervising the policies and their implementation. How to reduce the attractiveness of funds to market timing, including reviewing valuation points and dealing cut-off point...