There is growing pressure on portfolio managers and boards to increase disclosure of personal ownership of funds and investment trusts, as new research has led to criticism of a "staggering" number of individuals in the industry failing to eat their own cooking.
However, as the debate heats up within the industry, there are also concerns that such a move could lead to tokenism. A spotlight was shone on managers of both investment trusts and open-ended funds who came under fire last week as two groups called for them to have 'skin in the game'. interactive investor wrote to the Financial Conduct Authority and the Financial Services Consumer Panel, calling for fund managers to say how much they have invested. More 'skin in the game'? interactive investor calls for US-style fund disclosure rules Separately, Investec published its lates...
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