Don't pay for fund manager mediocrity

Leader

Have you ever come across a fund management group which does not believe in the ability of its fund ...

Have you ever come across a fund management group which does not believe in the ability of its fund management team? No, neither have we. But whatever they say there must be - or rather have been - a lot of mediocrity out there. The bear market has by all accounts seen about 500 fund managers in the retail markets lose their jobs and less than half came back into the industry. It is perhaps surprising that only 500 have lost their jobs, it probably would have been more if there hadn't been so much talent leave the industry to run hedge fund money. That is not to say that every fund man...