F&C ASSET Management is launching a listed fund of hedge funds. The F&C Event Driven Fund will be listed in London in the second quarter of 2007. The fund already has capital commitments of £85m, said a spokesman.
The new closed-end investment company will have an underlying portfolio of between 20 and 40 hedge funds selected and monitored by F&C’s dedicated fund of hedge fund business, F&C Partners. The funds will...
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.