APFI News

November 29, 2016

APFI Leadership claims three Personality of the Year Awards

 

Personality of the Year Awards:

Switzerland: Mussie Kidane, Global Head of Fund & Manager Selection, Banque Pictet & Cie

Nordics: Jauri Häkkä, Managing Director, Widhaby Advisors

UK: JB Beckett, Author of New Fund Order, Scottish Widows and the Association of Professional Fund Investors

Read the full piece on Investment Europe: Fund Manager of the Year Awards – Winners!

November 28, 2016

Taking the P? Sending up ‘Price’ in Fund Selection

In the Investment Quorum piece Taking the P? Sending up ‘Price’ in Fund Selection Jon ‘JB’ Beckett discusses the 200 pages that make up the FCA Interim Market Study Report (MS15/2.2).

Questions as to the effectiveness of investment consulting; selecting active managers and negotiating costs have arisen.  Buried deep in its report, in chapter 8 (from page 180), the FCA critiques the Multi-P (‘X-P’) approach used by many fund rating agencies and investment consultants. Why do fund buyers, consultants and agencies use a X-P approach and how does embedding Price into that process impact the findings of the FCA?

To read the full piece: Taking the P? Sending up ‘Price’ in Fund Selection

September 15, 2016

APFI Nordic Summit 2016

APFI has been invited by Tell Media Group to hold another APFI Nordic Summit this year exploring the implications of digitalization on the role and function of professional fund investors. This event coincides with the seventh annual Nordic Fund Selection Awards in Stockholm on November 10.

We will debate:

  • Striking a balance – is there a role for robo-selectors and where does that leave humans?
  • Exploring the potential efficiencies of a digital standard for due diligence information gathering.
  • Is the rise of passive investing a natural outcome of digitalisation and what are its limits?
September 8, 2016

Meerdter: how to strike a balance between art & science in selection

In the Citywire piece ‘Meerdter: how to strike a balance between art & science in selection Roland Meerdter reveals how asset allocators can avoid wasted man hours on the hunt for top managers. This is part two of a two part series. To see part one: Time-saving tactics: how fund selectors can avoid wasted work.

Roland Meerdter writes: “The greatest threat to the future role of professional fund investors is not robots or regulators; it is information overload. There are tens of thousands of unique funds available for investment…”

August 17, 2016

Time-saving tactics: how fund selectors can avoid wasted work

In the Citywire piece ‘Time-saving tactics: how fund selectors can avoid wasted work’ Roland Meerdter reveals how asset allocators can avoid wasted man hours on the hunt for top managers. This is part one of a two part series. To see part two: Meerdter: how to strike a balance between art & science in selection.

Roland Meerdter writes: “Professional fund investors are spending too much time gathering and organising basic due diligence information on funds and not enough on analysis and decision-making. The problem is that the job is becoming more demanding in all the wrong ways…”

August 2, 2016

APFI fears total return bias in UK Equity Income revamp

Take a look at APFI fears total return bias in UK Equity Income revamp in Portfolio Advisor. Our UK Lead Jon Beckett comments on UK equity income funds.

A shift in focus in UK equity income funds from yield to total return is an ‘annoying distraction’ for fund pickers, as well as a compliance burden, according to the Association of Professional Fund Investors (APFI).

 

‘In talking to fund managers, many have found the yield objective too hard to achieve in the current environment without overly concentrating their portfolios,’ said APFI lead Jon Beckett.

July 12, 2016

Avoid short-termism on property, urges APFI

In the Investment Europe Article: ‘Avoid short-termism on property, urges APFI’ our UK lead Jon ‘JB’ Beckett addresses the recent volatility in the property funds market since the Brexit vote. He is quoted in the article:

“This is a wakeup call to all investors about liquidity and fund managers about the investor mix on their books. Professional fund investors, acting on behalf of clients, should always carefully allocate property in accordance with a longer term investment horizon.”
June 6, 2016

Fund Forum International Berlin

Fund Forum International will be hosted in Berlin this year on 6-8 June 2016. The event will bring together some of the world’s most inspirational speakers, bring a fresh take on the economy, leadership and future of asset management.

We will debate

  • The impact of big data and social media.
  • Digital trust, is there still a need for face-to-face meetings with fund managers?
  • The potential for standardisation of RFP questionnaires.
  • The risks associated with homogeneous fund selection methodologies.
  • MiFID II, automated advice and the future of the fund/manager selector.
April 18, 2016

Fund Forum Asia 2016

Fund Forum Asia is a learning and networking event for the Asian fund management community. The forum will be held on 18-21 April 2016 at the JW Marriott Hotel in Hong Kong.

We will debate

  • The impact of big data and social media.
  • Digital trust, is there still a need for face-to-face meetings with fund managers?
  • The potential for standardisation of RFP questionnaires.
  • The risks associated with homogeneous fund selection methodologies.
  • MiFID II, automated advice and the future of the fund/manager selector.
March 16, 2016

Time for Tech

In the Investment Europe Article: ‘Time for Tech’ themes from the APFI Nordic Summit (digitalization, automation and standardization) appear in full force with thoughts from our UK research lead Jon Beckett on page two.

Two of his quotes:

“Digitalisation is already upon us, the question is whether fund research becomes obsolete due to big data or whether it morphs into a cyborg-like symbiosis through the use of next generation fintech tools.”

“Actually, I worry for the new generation of fund analysts for they are the ones sold on the profession yet facing long-term obsoletion. Veteran fund selectors can afford to be more short-termist and have enough experience to drift into associated roles like fund governance, wealth management, fund distribution, and so on.”