Graham Bentley: First comes the 'what', then the 'how'

By now you will have read lots of commentary from the great and the not so expert regarding the Asset Management Market Study final report, MS15/2.3. Lots of column inches have been occupied on this subject since 28 June - and pretty much everyone remotely associated with the word ‘fund' has had a say or offered a quote. Those most critical of the active management industry may have hoped for carnage on Camomile Street but were disappointed - and one or two enraged - to find that another round of consultation was proposed. Some commentators, evidently with very little practical experi...