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Not October 2008 - 8/05/2011
The stock market peaked on April 30 of this year and has steadily declined since, with the move to the downside accelerating in the first few days of August. The 500 point decline on Thursday had all the look and feel of the collapse in 2008.
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'40 Act' funds fill a gap in US investor demand - 26/07/2011
Lines between traditional and alternative asset classes continue to blur. In Europe this has boosted the use of Ucits, but here in the US, manager options are less clear-cut. However, in an attempt to widen investor bases and add transparency, a number of stateside managers are registering offshore funds as domestic mutual funds, in accordance with the US Investment Company Act of 1940.
