Structured products expensive and inefficient
The Wealth Net (https://www.thewealthnet.com) recently published a press clipping regarding Simon James' views on structured products, the full article can be downloaded here (PDF, 72KB). Below is an extract.
"Simon James, founding partner of Gore Browne Investment Management, is enjoying life outside big City institutions, and is not afraid to speak out against current market trends.
James, formerly responsible for F&C's global retail business, co-founded Gore Browne IM in 2004 with three Cazenove and ANZ Banking Group alumni. Since that time, the business has grown to an as-yet modest £80 million under management, added two partners and opened a second office in Harrogate, expanding from its Salisbury base.
Moreover, Gore Browne's Growth and Balanced client portfolios have achieved aggregate returns of 18.58 percent and 19.73 percent respectively since inception, outperforming the 0.81 and 4.27 percent achieved by the APCIMS benchmarks"