The psychoanalysis of fund management

As has already been mentioned in this column earlier this year, every investment cycle or season see...

As has already been mentioned in this column earlier this year, every investment cycle or season seems to bring a new theme. And we're not just talking tech stocks or large versus small cap. To date, we have had stockpicking (isn't that what all equity managers do anyway?), absolute returns (we'll make you money), and best ideas funds (as opposed to bad ideas funds?). Forgive the cynicism, but it seems every time there is a new theme it looks as though the marketing departments have taken over the fund management. More recently we have seen a resurgence of the whole behavioural finance st...