In the Investment Quorum piece Taking the P? Sending up ‘Price’ in Fund Selection Jon ‘JB’ Beckett discusses the 200 pages that make up the FCA Interim Market Study Report (MS15/2.2).
Questions as to the effectiveness of investment consulting; selecting active managers and negotiating costs have arisen. Buried deep in its report, in chapter 8 (from page 180), the FCA critiques the Multi-P (‘X-P’) approach used by many fund rating agencies and investment consultants. Why do fund buyers, consultants and agencies use a X-P approach and how does embedding Price into that process impact the findings of the FCA?
To read the full piece: Taking the P? Sending up ‘Price’ in Fund Selection