Referendum fears hit Scottish fund managers

Analysis by the Financial Times appears to back up reports from fund managers that the referendum, taking place this Thursday, has encouraged investors to delay their plans or seek options less likely to be affected by a vote for independence. A senior executive at one large Scottish fund house, who requested anonymity, said: “The referendum is an event you want to get out of the way before normal activity will resume. Light flows [following the summer break] have persisted for longer this year.” Another anonymous Scottish asset management head said: "Most professionals are cacking th...