Katrina Lloyd talks to Jupiter's John Chatfeild-Roberts, head of strategy, Independent Funds team, about the future of the fund-of-funds model and challenges for the industry.
A little known fact about the Merlin fund-of-funds range is that it was named after a company in the back book of Jupiter's history. But what is common knowledge is the suite became one of the major success stories of the retail fund management industry, growing to £9.3bn at its peak in October 2013. In the 2000s, Chatfeild-Roberts led the way with a few other multi-managers as they built up strong followings among IFAs who wanted to outsource their investment decisions. However, the landscape changed after the introduction of the Retail Distribution Review at the end of 2012, as ...
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