Apparently more and more fund managers are thinking of striking out on their own, or with a select few colleagues, to set up boutique firms.
How we can really know this beats me but, watching from afar, I can certainly see the benefits involved – and for EVERYONE too. Speaking with the fund managers at one boutique firm in particular, whose name I won’t disclose, they certainly talk a good game. For example, firstly, according to them, there are fewer of them and fewer funds, so they can give them more of their attention. Secondly, there’s no boardroom pressure, no CEO who hasn’t a clue what separates one fund from another telling them how their fund should be run. Thirdly, they all invest in their own funds. I know this...
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