Almost 90% of active UK equity fund managers beat the benchmark index last year, far outstripping the performance of other active managers, an S&P Indices report has found.
According to a new report from Spiva (S&P Indices versus Active Funds), S&P's United Kingdom benchmark index bettered active managers only 11% of the time during 2013; over three years the figure was 23%;...
View from the front row
Project Libra unveiled
Including SJP and investment trusts
Spent two years at Sanlam
Will also assess FCA's actions