Quarterly reporting largely irrelevant these days - Monks' manager

'Illusion of control'

Hannah Godfrey
clock • 2 min read

Quarterly reporting offers no more than the 'illusion of control' and is only relevant to businesses directly impacted by 'the Earth moving round the Sun', according to Monks deputy manager Spencer Adair.

Speaking at a roundtable discussion at Baillie Gifford's head office in Edinburgh, Adair (pictured) revealed he believed reports filed by companies on a quarterly basis were now largely irrelevant. "Quarterly reporting is brilliant if you are a farmer, because there is a harvest, and there is spring and, in any business where the pace at which the Earth moves around the Sun is relevant to its cycle then, absolutely - still have quarterly reporting," he said. However, Adair said he did not see its relevance for "99% of the business" owned by Monks, which is a global investment trust ru...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers expecting more of asset managers since Consumer Duty

Advisers expecting more of asset managers since Consumer Duty

‘We actually need to understand one another better’

Hope Coumbe
clock 28 March 2024 • 1 min read
Fears tech limitations could stall MPS on its upward trajectory

Fears tech limitations could stall MPS on its upward trajectory

‘There have been a few changes and challenges around growth in general’

Hope Coumbe
clock 27 March 2024 • 1 min read
Partner Insight: Beyond 60/40

Partner Insight: Beyond 60/40

Invesco
clock 27 March 2024 • 5 min read