In the Margins
U.K. fund managers are grappling with potential fallout from a review of the industry opened by the U.K.'s financial regulator in November. Specifically, the Financial Conduct Authority said it would scrutinize competition and how costs are passed on to clients. U.K. mutual funds charge more than twice those of their U.S. counterparts, according to research published by the Review of Financial Studies as far back as 2009. Read the original story from Bloomberg.
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