UK - Alpha Investment Management's Alpha Composite fund-of-hedge-funds has returned 90% from its inception on November 1995 until October 2002 net of all fees.
Alpha Composite is currently based on the asset-weighted performance of nine open funds of funds which are diversified among strategies and managers.
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.