Multi-managers do deliver results

Chris Gilchrist's article Getting back to basics, which appeared in Investment Week on 27 June, refe...

Chris Gilchrist's article Getting back to basics, which appeared in Investment Week on 27 June, referred to the manager of managers (MM) product as "OK as a simple sales proposition for the dumbed-down, multi-tied high street … a fad that is already bad and in the best traditions of the industry is probably about to get a lot worse." MM may well be a fad for those providers struggling to attract money into their equity or with-profits funds and who have subsequently reacted with their own MM product delivery. However, speaking on behalf of the world's third largest specialist MM provider,...