Best fund managers come from unlisted companies

conference

Working for a quoted fund group can be a nightmare for managers, according to Hugh Young, head of e...

Working for a quoted fund group can be a nightmare for managers, according to Hugh Young, head of equities at the listed Aberdeen Asset Management. At the Investment Week Investment Forum, Young said he agreed with fellow speaker James Anderson, chief investment officer designate at Baillie Gifford, that the best fund managers tend to emerge from unquoted companies. That said, Young argued Aberdeen has sought to create an investment culture that minimises the effect of its listing, resembling that of many unquoted investment houses. Anderson set out the benefits of independent houses to...