Groups failing to plan for loss of star names

Like stock picking, the cult of the star fund manager is back in fashion. Look no further than the phenomenon that is New Star and the excitement surrounding each big name it hires. All of which has happened against the most dreadful market performance seen in many a year. Where would Credit Suisse Asset Management be without Bill Mott? In a month in which ABN Amro's Nigel Thomas and George Luckraft and SG's Dino Fuschillo and Peter Seabrook are all off to pastures new, more of a focus should fall on the succession policy fund groups have in place should their stars move to a different o...