Advisers looking to outsource their investment decision making to a multi-manager fund in the lead up to Retail Distribution Review implementation should choose carefully, as very few of these funds have managed to perform consistently since 2008, according to independent research company Defaqto.
Man Group has launched the Man GLG Multi-Strategy Fund.
Year-to-date net retail sales of funds of funds have totalled £5.1bn, the highest figure on record.
Man has launched a Luxembourg-domiciled long/short European fund of funds.
De Vere and Partners, the international IFA firm, has bought web-based investment broker Programmes for Wealth International (PWi), its latest acquisition following the purchase of what was Financial
