Some of the products peddled by fund managers, such as split-capital trusts, and now high-income bonds, which guaranteed income but not, alas, the return of the principal, have also been tainted by scandal.
ECONOMIST: Financial services
2.
The sixth annual survey, based on more than 500 responses collected between Nov. 30 and Dec. 9 about equally split between venture-capital professionals and CEOs of venture-backed companies in the U.S.- also outlines a growing optimism gap between technology companies and those in the medical and clean-technology sectors.
WSJ: Cloudy Funding Forecast Ahead For Start-Ups
3.
In a second blow to confidence, falling equity prices have revealed a scandal in the split capital investment-trust industry.