Darius McDermott: Can an investment process outlive a star manager?

At a conference hosted by Jupiter last month, the guest speakers were fund managers (and CEOs) of investment boutiques: Neil Woodford, Terry Smith and James Findlay. It was a very informative event, with lots of humorous one-liners that made tweeting a joy, not a curse, for a few hours. But it wasn't until the very end, in the Q&A session, that a very pertinent question was asked: can an investment process outlive a star manager? I know it is something big asset managers think about, and plan for, all the time. How to retain star managers and what to do if they suddenly announce...