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This reality was acknowledged at the Regeneration Fund launch event, as a participant drew hearty, if self-conscious, laughter when in a slip of the tongue she referred to the mayor's "regentrification plan".
This afternoon's fund launch will be attended by the economic secretary to the Treasury, Ivan Lewis, as well as David White, chief executive of the Children's Mutual, Dr Akber Mohamedali, treasurer of the Muslim Council of Britain, and Muslim families.
DealBook » A $1.4 Billion Start-Up Hedge Fund in Asia | Two executives of the hedge fund Millennium Management are "preparing to start a $1.4 billion hedge fund in Asia," Reuters reports, citing unidentified people familiar with the matter, "in what would be the region's largest such fund launch".
In general, though, many ideas cited at the Regeneration Fund launch – if invested in and taken seriously – do seem as if they might restore life and purpose to struggling town cores, from cheekily brilliant educational spaces to Singapore-style hawker centres.
But there is some unease within the funds industry over its growing power to make or break a fund launch, and over what will happen to the business when Hargreaves and Lansdown finally step aside: the latter is stepping down as executive chairman in order to spend more time with his football club (he chairs Bristol City) though he will remain as a full-time director.
Those costs add up in the early stages of a fund launch, since custodians charge the fund for each transaction.
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Ironically, the Vice Fund was launched in August 2002 and has only operated in an economic expansion.
In Europe and Asia, net inflows are driven by fund launches.
ConBrio B.E.S.T Income A £16.5m fund launched in 2006.
"£50m capital fund launched for FE buildings," and so on.
The retail version of this fund launched in April 2011 and performance has been admirable so far.
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