28 June 2017
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One of the main areas the regulator focused on was how absolute return fund managers highlight their performance.
The Financial Conduct Authority (FCA) has targeted the absolute return sector in its asset management study, suggesting there is a "relatively high likelihood" an absolute return fund would provide negative performance.
While acknowledging absolute return funds can fulfil a role for investors, the FCA highlighted a myriad of concerns about the sector, which has grown substantially in recent years. The Targeted Absolute...
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