James Klempster: The best new fund of today is the same old fund

'Should be forever young'

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James Klempster: "The beauty of a well-run fund is that it should be forever young."
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James Klempster: "The beauty of a well-run fund is that it should be forever young."

The beauty of a well-run fund is that is should be forever young, writes James Klempster, who imagines what the asset management sector would be like if it sold products like tech companies do ...

I received an email a day or so ago from Apple trying to sell me the new iPad. Tech sales are interesting because, in essence, the purveyor of the object you bought from them all too recently is informing...

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