BETTER FINANCE publishes its response to the ESAs Joint Consultation on in Key Information Documents for Packaged Retail and Insurance-based Investment Products (PRIIPs). The strong need for simple and short pre-contractual information on objective costs and charges as well as historical real returns that enables retail investors to reach well-informed investment decisions cannot be emphasised enough.
A new study from London’s Cass Business School found that smaller hedge funds perform better during times of crisis. The analysis of the performance of 7261 hedge funds from 1994 to 2014 shows that a hedge fund with with £200m of assets would on average outperform a £5bn hedge fund by 125 basis points a year. The research,
Carl Rosén, chief executive of the Swedish Shareholders’ Association (SSA) and vice-president of BETTER FINANCE, featured in last Sunday’s Financial Times “Face to Face” section, dedicated to people in the fund management industry. A former investment banker, Carl Rosén and the Swedish organisation caught the financial industry and media’s attention after publicly criticising some of
On 7 May 2015, the Legal Affairs Committee (JURI) of the European Parliament voted to overhaul corporate governance rules covering compensation package and voting practices by large shareholders. The proposal, first introduced in April of last year, was designed to promote long-term investing but the committee’s split vote foreshadows resistance from MEPs from some countries delegations. The
Larry Fink, chairman and chief executive officer of BlackRock, the American multinational investment management corporation and one of the largest money-management firms in the world, is not the most likely person to jump to mind as a supporter of BETTER FINANCE’s struggle for better cooperate governance and shareholder engagement. Yet, on the 14th of
Foreign exchange (FX) is the world’s largest, most liquid and active marketplace that surprisingly lacks for the attention its size merits. As to its significance, one day of FX trading beats average daily trading in global stock markets by 28 to 1. According to the report “Navigating the waters of foreign exchange and international
The European Commission will release a green paper on Capital Markets Union next week, on Wednesday 18th February 2015. Let us briefly summarize what has been said about the initiative so far. As the title of his job – Commissioner for Financial Stability, Financial Services and Capital Markets Union – suggests, the Capital Markets Union (CMU)
Jean Berthon, President of both FAIDER and Better Finance, and Klaus Struwe of the Danish Shareholders Association were appointed as members of EIOPA’s consultative expert group who will advise and provide technical input to the Joint Committee’s Sub-group on Key Information Documents for Packaged Retail and Insurance-based Investment Products (PRIIPs), for a mandate of one
On October 27, BETTER FINANCE published its position on the Review of the Shareholder Rights Directive. BETTER FINANCE believe the Directive 2007/36/EC tackles very important areas for individual shareholders and will help improving their rights. However, we consider that certain improvements by the European Parliament are necessary to ensure an unrestricted internal market for shareholders across Europe,
Funds Europe reports an "above-expectation growth in fee revenue" in the UK asset management industry. This trend is predicted to continue while costs incurred by UK asset management firms are likely to decline slightly. The profits go towards covering the pay of the growing number of employees in the sector. Mark Pugh (PwC) marvels at