John Husselbee: Absolute return is not an absolute solution

Beyond performance - which, as we all know, is impossible to guarantee - value for money and transparency would likely top the wish-list for most people when it comes to investing in funds. For me, the onus is very much on the industry to get its house in order but, where it fails to do, regulators have shown themselves willing to step in. One manifestation of this is the Financial Conduct Authority's (FCA) long-running asset management survey and one of many areas singled out in that work is absolute return funds and how groups offering these market them to clients.  Absolute return ...