How many investors does it take to decimate a multi-million fund?

In the case of Neptune European Opportunities, the answer to the above question is just two - withdr...

In the case of Neptune European Opportunities, the answer to the above question is just two - withdrawing some £20m in assets from the £28m portfolio on the basis manager Barry Norris has moved to another group. This signifies not only the power individual fund managers have in terms of raising assets on the strength of their name and reputation but also the issue of how providers are being increasingly held hostage to the whims of multi-managers. The growing strength of an individual fund manager has been seen for some time in the form of the job merry-go-round - however, in tandem with ...