When is it time to ditch an underperforming fund manager?

Handing over your savings to a fund manager means that, for a cost, a professional will make investment decisions on your behalf. But employing the skills of an expert does not necessarily mean you will be financially better off. All managers, no matter how good, can go through periods of poor performance and when this happens it can really test investors' faith. You do not have to spend hours going through factsheets with a fine tooth comb to identify the serial underperformers. Fund brokers such as Bestinvest and Chelsea Financial Services frequently publish lists naming and shaming...