31.03.2009 - New fund launches to be greatly reduced
From Moneymanagement.com: The number of new managed funds launched over the next few years will be "greatly reduced", as will their targeted "raise sizes", according to Craig Northey, head of sales and relationship management at researcher Aegis. "Between 2007-08 and 2008-09 we researched around 60 new funds each year, which is a lot, but we expect that number to fall away over the next two to three years," he said.....Full Article: Source