Talented, specialist managers can be found around the globe, often at companies with names you may not recognise. James McDaid of GAM's DFM business explains why it is important to hunt them down.
You may be forgiven for thinking that the universe of funds available to buy in established fund of funds/multi-manager products is very small. When surveying the top ten holdings in established funds you will notice there are many names that appear again and again. This may be due to the fact these funds have an impressive long-term track record, have reached a particular size or are a well-known brand and, therefore, are more likely to be included in such a universe. Although performance is one metric on which to evaluate a fund’s progress, it should not be the only tool utilised by...
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