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...what if....what if...the fund manager.....
miserable_ol_so_n_so
Posts: 496 Forumite
what happens if a fund manager, regulated or perhaps not so well regulated by....goes under......what happens to the funds under management....are the funds ringfenced in some way?.....and do the fundholders have any protection?.....
....Illegitimi non carborundum
...don't let the illegitimate ones grind you down....
...don't let the illegitimate ones grind you down....
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You make no sense.
The funds are just a bunch of investments put together so theres no way you could lose your money if the fund manager goes under or whatever because you aren't investing in the fund manager. All you've done is given them your money and they invest it elsewhere.
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I hate this craze of using dots instead of sentences - do you think these people can't talk normally either?
Investments are ringfenced. If you're invested with a management company, read their specific literature. A fund manager, btw is one person, maybe two or three. If a single manager dies or leaves or whatever, the worry is not the loss of the investment but the loss of the skill used to pick them in the first place.You've never seen me, but I've been here all along - watching and learning...:cool:0 -
......sorry...by fund manager ...I meant a company like Legal and General, or HBOS , or Prudential, or Barclays to name just a few....
Question is if I am invested in one of the funds they have, and the company goes under, then is the money I and loads of other people have in the funds, ringfenced?
There, is that clear? and not so many dots either!
By going under, I hasten to add, I mean going bankrupt as Lehman Bros did.....Illegitimi non carborundum
...don't let the illegitimate ones grind you down....0 -
......sorry...by fund manager ...I meant a company like Legal and General, or HBOS , or Prudential, or Barclays to name just a few....
You list banks and insurance companies there. Not just fund managers. L&G operate investment funds, structured products, pension funds, life funds and a range of other investments that will have varying protection under FSCS. Same for Pru.Question is if I am invested in one of the funds they have, and the company goes under, then is the money I and loads of other people have in the funds, ringfenced?
Unit linked funds are not invested in those companies (unless they have shares in the fund) so it doesnt matter. The funds are ringfenced away from the insurance company, fund house, bank, fund supermarket etc.
There is FSCS protection on investments (unwrapped and ISA), life investments and pensions which covers you for fraud.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Thanks. Puts my mind at rest. I have allowed the risk of stocks/shares going down, but not for mighty banks falling victim to Madoff type schemes or otherwise lending recklessly, getting into difficulties and losing our hard earned monies.....Illegitimi non carborundum
...don't let the illegitimate ones grind you down....0 -
It dates back to 1761 at least! See any page of "The Life and Opinions of Tristram Shandy, Gentleman" by Laurence Sterne. So I reckon, miserable_ol_so_n_so, is in very good company.LongTermLurker wrote: »I hate this craze of using dots instead of sentences - do you think these people can't talk normally either?.
Wildly of topic, sorry - well maybe a connection because Madoff type frauds have probably also been going on that long as well.0 -
Just had a quick look and the version I read was punctuated mostly by lines (---), but was primarily still strung into sentences. But aside from being hard to read it actually read as rubbish! Clearly I'm not a literary gentlemanIt dates back to 1761 at least! See any page of "The Life and Opinions of Tristram Shandy, Gentleman" by Laurence Sterne.
You've never seen me, but I've been here all along - watching and learning...:cool:0 -
I think we need to understand what the original poster means by "funds".
We are all assuming it is a simple "fund" where all investors are equal and the "funds" gyrate in step with the markets in which they are invested.
Aberdeen & Equitable and "fund of funds" "gearing" and "zeros" are words that keep coming to the surface in my mind.0 -
LongTermLurker wrote: »I hate this craze of using dots instead of sentences - do you think these people can't talk normally either?
Saved a lot of lives at sea.;)
PS It IS ok to use the 'dash' in your context, isn't it?0
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