Article Abstract:
Information about the growth of portfolio administration service or master fund/wrap account that has become one of the biggest drivers of the funds management and financial advice industries in recent times is presented. A history of master funds and wrap accounts which have captured 70 percent of the retail funds inflow with some services already being bundled with some sort of financial planning tool is also highlighted.
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Article Abstract:
The popular research companies tend to have more relationships with the fund managers, as financial institutions own many research houses and the issue of independence is very important. In Australia, the major research houses are van Eyk, Assirt and Morningstar.
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Article Abstract:
Hedge funds are identified to be the fastest growing investment products with 20 per cent estimated annual growth. The evolution of hedge funds for 50 years and their applicability in investor's portfolio are analyzed.
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