UK/EUROPE/US - US fund managers could face an asset exodus worth several billion dollars from pension funds across Europe as the impact of the US market timing scandal hits the European mutual fund industry, experts warn.
In fact, sources estimate that this latest disaster to have ripped through fragile investor confidence could represent “just the tip of the iceberg”. And with reports of at least 11 pension funds ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
