Mickey Morrissey: Five ways to spot risk building in individual funds

Risk matters: generating consistent returns over the long-term comes not just from finding winning funds, but also from avoiding those funds that look likely to lose money. There can be multiple reasons for funds to hit a rough patch, but investors need to be able to understand the problem and take the right course of action. Here are five elements to watch out for: A change of management Managers leave and set up elsewhere; companies are taken over; key analysts retire. A top-performing fund is often a team effort even if only one manager gets the glory. Investors need to watch...