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ten funds that lost you 25 per cent
The first half of 2013 proved to be a tumultuous one in markets, with gains in Q1 in many cases wiped out by the end of Q2.
legg mason targets income
Legg Mason has launched a tactical high income fund, which will be managed by the firm’s equity subsidiary Clearbridge Investments.
lmim adviser group raises concerns over loan
Advisers acting for investors in the stricken range of LM Investment Management property funds, has raised concerns over the sale to Goldman Sachs of A$1.6bn of ‘non-core’ assets by a company with a first mortgage charge over a key investment property.
auditor slams death bonds cheerleader
EEA Fund Management, a vocal defender of traded life policy investments, has issued an annual report of its Life Settlements Fund a year behind schedule and with a damning report from auditors included.
investors in suspended uam fund
Investors in the stricken Strategic Growth Fund, formerly managed by United Asset Management, are being asked to vote on the transfer of liquid assets into a new fund.