Money managers under the microscope
News and views on the asset management industry from Reuters and elsewhere:
Madoff trustee sues family entities - Reuters
Eurozone managers rocked by crisis, says S&P – Fund Strategy
Emerging resplendent from the shadows of more illustrious peers after long years spent relevant only to a modest group of those in the know; attributes not only pertinent to the ascendant LibDem leader but also to Defined Contribution pensions, known as DC.
It’s no wonder their popularity is growing: DC funds are cheaper for sponsors — albeit riskier for employees , who have done a great job of pretending these schemes which pay out based on investment returns will provide them with the kind of plush retirement the old guard of final salary schemes seemed to promise.