OVERSIGHT IS OVERDUE !

The repercussions of the Woodford debacle continue to be keeping the press boys and girls very busy and whilst I despise some of the comments that are both inflammatory and far too personal, the truth around the procedures undertaken by Woodford continues to throw up editorial gold. The damage done to the industry both for Asset Management…

Details

ARE WE TO SEE AN ASSET MANAGEMENT WAR?

Blackrock (the biggest asset manager in the world, with over $6.28 trillion undermanagement) is capitalised at $72.billion and, during the quarter ending 31st March 2019, generated $3.246 billion of revenue. Facebook is valued at $550 billion and, as at March 2019, it had over 2.38 billion users and generated $15.08 billion of revenue. Blackrock only has $6.49 billion of net cash and short term investments, compared to…

Details

WOODFORD, WHO IS TO BLAME?

The sorry saga of Woodford rolls on, with even more damming headlines from our media accusing others of wrong doing and placing the blame at the feet of certain individuals. Smarter people than me will no doubt get to the bottom of this fiasco but, I would like to add my pennyworth to the debate.…

Details

NOT AGAIN !

Am I having a deja vu? Have we all seen this before? Of course we have! For those of us who have been around the block a few times, this is not the first time a Fund Manager has fallen foul of liquidity issues following a period of underperformance, market corrections or other ‘stuff’ going…

Details

SIZE IS EVERYTHING…….

No smirking please. This is a serious matter. The issue of Fund size is constantly rearing its ugly head and once again we in the Funds industry are battling against what seems an inevitability when it comes to Fund consolidation within the active Funds industry.  For many years now many of us, including Jon (JB) Beckett,…

Details