Investment Strategy

Fundies divided on SMAs

Funds manager opinion is divided on the growth potential and value of separately managed accounts (SMAs), research from Aviva has revealed as the firm launches the superannuation industry’s first fully integrated SMA.
Investment Strategy

SEC knew Madoff was a fraud

As more and more red-faced investors raise their hands to admit exposure to Bernard Madoff’s Ponzi scheme, the Securities and Exchange Commission is feeling equally embarrassed after a two-year-old report addressed to the organisation has emerged. Its title: The world’s largest hedge fund is a fraud.