£49.6bn of investments lies in poor performing funds
Under new shareholder agreement with HL
Bestinvest identifies 150 'dog' funds
£47bn assets under management
Six-monthly 'Spot the Dog' report
Flagship Woodford fund enters list
Consumer and adviser platforms
Group in 2nd place on assets
M&G and Aberdeen top the table
Cental banks' credibility could be called into question
Both firms have been on the acquisition trail for several years
Run by Gareth Lewis and Ben Seager-Scott
Towry put up for sale in 2015
A financial planning and investment service offering regulated advice, guidance and execution-only services to the over-50s has been launched in a joint venture between Tilney Bestinvest and Saga.
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Investor money in poorly performing funds had doubled to £14.25bn over the past year, with Invesco Perpetual managing the most ‘dog' assets under management, Bestinvest reveals.