Catch up with the latest fund and asset management industry news delivered direct from FundForum International 2012 in Monte Carlo
The 'FundForum International 2012 Daily News – 26 June' special report comprises five separate articles listed below, these can be read individually or as a sequence.
The problems of the Eurozone offer both threats and opportunities to the asset management industry, according to Schroders executive vice-chairman Massimo Tosato, a member of the first CEO plenary panel at FundForum International 2012.
OPEC will be the “big winner” in the new global order as oil prices increase, even though the Middle East will remain unsettled and divisive, according to Marvin Zonis (pictured) of the University of Chicago Booth School of Business.
The past 10 to 15 years have been a “rollercoaster experience for investors”, according to Giordano Lombardo, group chief investment officer at Pioneer Investments, and buy-and-hold strategies have been disappointing. “New players like hedge funds have come into play to deliver alpha by timing the markets better, but they have also disappointed. There’s nothing new under the sun.”
Société Générale Securities Services has announced at FundForum International the launch of a turnkey solution designed to enable asset management companies and third-party managers to create, manage and promote Ucits funds.
European investors are more ready to redeem their capital from underperforming funds than their US counterparts, according to Lipper’s latest analysis of the European fund industry, which examines the different pressures on fund management companies in balancing business and investor interests.