As the fund manager merry-go-round continues unabated, Greg Stark tells Maria Merricks what to consider before deciding on whether to stick or twist...
The debate over whether to pull client money following a star manager exit was reignited last week when PIMCO founder Bill Gross quit the group to join rival Janus Capital. Investors who had been fleeing his Total Return Bond fund for the past 18 months picked up the pace, with a record $23.5bn of net outflows in September. Gross' exit is the latest in a long list of recent high profile manager moves. Just last month, for example, Schroders was forced to accept Julie Dean's resignation, while Threadneedle's head of UK equities Simon Brazier announced his departure to join Investec. Br...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
