Selection syndrome

As the global economic crisis has worsened over the last 12 months, investors have been taught one t...

As the global economic crisis has worsened over the last 12 months, investors have been taught one thing at least - namely to be more discerning in terms of where they invest their money. As James Sullivan, MD of alternative asset specialists PILinvests, says: "We have entered a new era of more due diligence where risk management has replaced projected returns as investors' key concern.'' Sullivan adds investors should be prepared to question how far any past performance of an investment trust is the result of real value-adding initiatives, and whether the manager has what it takes to b...