funds

The company has a special focus on so-called defined-outcome funds, or buffer funds, which use options contracts to offer investors protection from market downturns while retaining access to some of the gains.

Its funds are structured as 10-year vehicles, but the more mature profile of the portfolio businesses allows it to start returning capital early.

As this debt becomes a greater part of bond markets—and funds that track them—investors seeking a broad mix of market exposure will have to make sure they are really diversified.

Jack's family have been campaigning to raise awareness about the risks of swimming in cold, open water and are raising funds for a youth club in his name.

The parties said they wanted to see the results of the submarine's sea trials before releasing the funds.