Investment Week understands a number of key figures in the asset management space are backing recent proposals from thinktank the Centre for Policy Studies, which argues the IMA should stick to being a trade body and appoint an impartial organisation to oversee its sector definitions.
Earlier this month, a draft white paper from the Centre for Policy Studies written by Michael Johnson, who worked as an investment banker for 21 years at J.P. Morgan, was reviewed by the House of Lords. It will be published next month.
Johnson said the paper has been put together with a ‘coalition of support’ from asset managers and will launch a stinging attack on the IMA, arguing it is ill-equipped to categorise funds.
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Date Added: Monday 21st May 2012