Funds News 

Daniel Godfrey seeks £125m for The People's Trust

Daniel Godfrey seeks £125m for The People's Trust

Former Investment Association (IA) chief executive Daniel Godfrey is seeking to raise £125m with the launch of an investment trust, pitched as a more sustainable approach to fund management. Mr Godfrey was ousted from the IA in 2015 after clashing with members over fund fees and transparency, and says The People's Trust is a remedy for the short-term attitude of the fund management industry, which he believes is not benefiting wider society.

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