Nucleus' David Ferguson brands retail fund management 'out of control'

He said retail fund groups are in an “odd place” where cash-flow modelling tools are calling the shots and where volatility is being over-used as a calibrative measure. Speaking at the platform’s annual strategy day, he said: “Where the institutional market is tight and responsive, the retail market is slack and sluggish. “Institutional clients wouldn’t tolerate the pricing, the accountability or the performance of the retail sector, so why should your customers?”   He added: “When enormous global institutions are shoehorning funds into risk buckets defined by unregulated software compani...