Why departing star managers from boutiques are a cause for concern

Stuart Mitchell's imminent departure from JO Hambro Investment Management shows boutique groups don'...

Stuart Mitchell's imminent departure from JO Hambro Investment Management shows boutique groups don't just have entrances for star fund managers, they have exits too. Mitchell's decision to leave comes as Hugh Hendry takes a similar decision at Odey, just weeks after Barry Norris left Neptune. If someone told you three top European managers were on their way, the smart money would be on them leaving a big fund house for a small one, not a small house for another small house. So does this suggest that the boutique story has hit its peak and is now going into reverse? Probably not, as there...