UK - Bedlam Asset Management's global equities fund has returned 7.5% for the year to June 30, compared to the MSCI World Index, which returned 0.5%.
Bedlam – which operates a “no gain, no fee” policy – said that since its launch in December 2002, the fund had returned 30.9%, compared to the 16.7% generated by the index.
At the same time, Bedlam’s UK equities fund has returned 1.8% for the year to June 30, compared to the FTSE All-Share, which produced a 1% return over the same period.
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).