Revolving-door syndrome is bad for the industry

Professional Adviser
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The fund manager merry-go-round continues with several more departing their respective portfolios to...

The fund manager merry-go-round continues with several more departing their respective portfolios to take up new posts elsewhere. In the past few weeks, eight well-known managers have moved house, leaving the replacements to take care of the funds that had become synonymous with their predecessors' names. HSBC Growth & Income and M&G British Opportunities are just two of the casualties of what is becoming an increasingly transient market. While the new employers of such managers are sure to be pleased with their acquisitions as they are likely to draw in the investors from that manage...

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