Why using a multi-manager doesn't mean handing over control

It is not difficult to see how far the investment universe has expanded in recent years. Investors can access global equities, bonds, property and even some more esoteric assets via a host of convenient packaged products. Fund of funds (FoFs) have seen a notable rise: according to the IMA, cumulative gross sales of FoFs has grown from almost zero to more than £80bn since 2002. Today’s wide range of opportunities means there should be a solution for everyone, regardless of risk appetite or investment goals. But, with a growing range comes growing complexity as providers seek niche area...