Fundamental: Contentious Asset Management

• Closet tracking update

  Submitted: 19 July 2019

  The Irish regulator has published the findings from its review of closet tracking.

  

• Further update on “closet tracking” – Where is the balance?

  Submitted: 17 May 2019

  In this latest in a series of articles on “closet tracking” we update our closet tracker timeline, comment on new developments and look at the substantial remedial action now being taken by regulators.

  

• FCA anti-money laundering spot checks on hedge funds

  Submitted: 20 March 2019

  It has been reported that the FCA are to conduct anti-money laundering spot checks on certain hedge fund managers in London in late March or early April 2019.

  

• FCA raises concerns about asset managers’ disclosure of costs and charges

  Submitted: 08 March 2019

  The FCA has warned that firms should review their costs and charges disclosures as a matter of priority, and expects to see improvements in the coming weeks and months.

  

• Call for Ban on High Charging Funds

  Submitted: 12 July 2018

  Chief Executive of leading think tank calls for increased ESMA intervention.

  

• The significance for asset managers of the Supreme Court’s decision that No Oral Modification clauses are valid and binding

  Submitted: 27 June 2018

  Terms requiring contractual variations to be made in writing will be enforceable between counterparties.

  

• Automated investment services

  Submitted: 23 May 2018

  The Financial Conduct Authority (FCA) finds automated investment service providers to be deficient in conducting service disclosures, fee disclosures and suitability assessments in a warning to firms that those engaged in automated investment services must be mindful of the requirements of Conduct of Business Sourcebook (COBS).

  

• Asset Management Market Study: a change of approach from the FCA to the assessment of "value for money"

  Submitted: 05 April 2018

  This blog post highlights the FCA’s welcome move towards a more holistic approach to the assessment of the service and value provided by fund managers to investors.

  

• Closet trackers - preparatory steps as publicity increases

  Submitted: 16 March 2018

  Closet tracking is generating increasing publicity largely driven by a claims industry looking for opportunities as the PPI revenue stream dwindles.