Discretionary fund management (DFM) is "poorly named" as a way of communicating the bespoke nature of the investment approach, Brooks Macdonald's Andrew Denham-Davis has said.
The firm's business development director was speaking at a roundtable organised by Discus on the current state of the DFM market and was responding to a claim that DFMs were ‘closet trackers'. "DFM,...
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