London's FTSE 100 index stalled this morning after reaching its highest point for almost seven months on Thursday.
The index of UK blue chip firms was down 3.3 points to 4,628.3 in early trade, led by a sell-off in hedge fund group Man, which fell 4% to 275.8 pence. Other losers included insurance groups Old Mutual...
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PARTNER INSIGHT: For many advisers, outsourcing to a multi-manager or discretionary fund manager makes sense, allowing them to focus on the adviser-client relationship
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An added tier of asset management can of course deliver additional benefits for certain investors, writes Graham Bentley - just be sure you can justify it to the regulator and, especially, the client