What price longevity?

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Old Broad Street Research's Richard Romer-Lee discusses the key considerations when choosing a fund manager

What price should be placed on the length of service by fund managers and how much consideration is or should be given to longevity, tenure, and loyalty? There are many things people consider when selecting funds, from the quantitative through to the qualitative, but how many funds are actually run by the same manager for the longer term so highly prized by investors? According to our research, nearly 50% of unit trust and Oeic funds in existence five years ago are now run by a different manager, rising to nearly 75% over eight years. Given that most funds are bought for the medium to...

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