Fund managers are feeling flushed today

clock

Karen Wagg's blog yesterday highlighted a book by Aaron Brown, executive director at Morgan Stanley, which claims finance and poker are very similar and investment professionals can learn a lot from good poker players.

So the question I have to ask is why weren’t there any fund managers in the final of Royal London Asset Management’s (RLAM) poker game last night? The shocking answer to this is four journalists and Karen Wagg herself – marketing communications manager at RLAM – wiped them all out in the initial rounds. It makes me chuckle a bit when I think of the conversation I was having with a fund manager before the game, who was describing his job to me as taking risks and making decisions on what the market may do and how assets may perform. If investment really is like poker then it’s slightly...

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