Money for nothing and the equity for free

gosling's grouse

What's the difference between fund managers and Premiership footballers? Answer: nothing. A few are...

What's the difference between fund managers and Premiership footballers? Answer: nothing. A few are absolutely brilliant at their jobs and worth every penny, and the rest are overpaid and very mediocre. Given the egos of many managers, how long will it be before they start asking for image rights or attract endorsements? I look forward to the day a smaller-cap manager appears courtesy of Tiny Computers or an emerging markets manager is sponsored by travel company Abercombie & Kent. But more seriously the past few years have seen fund managers even better remunerated by yet another slab ...