MATTHEW FEARGRIEVE: Hygiene Issues: FCA & Neil Woodford

Readers of this blog will have seen this week the report by portfolio-adviser.com (@PortfAdviser) that the FCA has dismissed claims that it was too slow to act to the Woodford and M&G fund blow-ups: https://portfolio-adviser.com/fca-dismisses-claims-it-is-too-slow-to-act/ In fairness to the FCA (bear with me), their perceived omissions and its basic failure to accord WEIF investors with […]

UK Retail Funds Market, 2020: Only the Fittest will Survive

Matthew Feargrieve 11 February 2020 Readers of this blog will be all-too familiar with the implosion of the Neil Woodford UCITS funds and the ramifications thereof for Mr Woodford himself (none, so far, at least, for that worthy individual), for the de facto promoter of his funds (Hargreaves Lansdown, for whom trouble surely is a-comin’) […]

Vanguard: Private Equity for the Masses?

Matthew Feargrieve 10 February 2020 Readers of this blog will be aware that Vanguard, the USD5trillion-plus mutual fund operator, announced last week its JV with HarbourVest, the USD45billion private equity house. Both partners in this mega-venture are behemoths of the asset management industry, and the tie-up seems to herald a new era of innovation and […]

Wealth Management in Switzerland

AN EVOLVING LANDSCAPE By Matthew Feargrieve 11 February 2020 Introduction In addition to its primary characteristic as the jurisdiction of choice for private banking, Switzerland is growing in significance as a centre of fund management. The country boasts around 15% of global assets under management, making it the third largest global centre of asset management […]

British Virgin Islands: Investment Funds

By Matthew Feargrieve 10 February 2020 1. BVI Investment Funds: Overview Investment funds domiciled in the British Virgin Islands (often referred to simply as “the BVI”) are regulated by the Investment Business Division of the Financial Services Commission (the “FSC”). The Investment Business Division is responsible for the regulation and supervision of securities and investment […]

The Neil Woodford Saga: Enter the Ambulance Chasers

Matthew Feargrieve 8 February 2020 Neil Woodford’s flagship UCITS fund, Woodford Equity Income Fund (“WEIF“), was placed into liquidation in October 2019. This followed the suspension of redemptions that was authorised in June 2019 by the fund’s ACD, Link Fund Solutions (“Link“). Readers of this blog will recall that we were pessimistic about the prospects […]

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