Advisers have turned their back on poor performing 130/30 funds, which have so far failed to live up to expectations after the fanfare that followed a plethora of launches last year.
130/30 funds give 130pc exposure to long positions and 30pc to shorts; effectively leveraging the fund manager's skills. UBS, JPMorgan, F&C and Resolution are among the high profile groups that launched...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till