Manager infidelity makes advice tougher

A large amount of fund manager and team movement is making it difficult for advisers to invest on historical management strength which, in turn, is fuelling the launch of multi- manager products. High profile names face many reasons to change jobs and small or medium-sized advisers lack the resources to monitor these movements adequately. Investors are often reluctant to take the costs of switching funds to stick with the same manager. There are four reasons for a manager to move or leave the industry, according to Bambos Hambi, director, head of portfolio services at Rothschild Ass...