When top managers exit left

It's a basic principle of both asset management and financial planning that you don't put all your e...

It's a basic principle of both asset management and financial planning that you don't put all your eggs in one basket. You diversify your risk away from a single company or fund by having a spread of assets. But it is a lesson some fund management companies do not seem to have grasped - or at least have yet to have worked out how to diversify their risk away from single funds or managers. It is one thing to have a single fund that is popular and takes the bulk of a group's new sales, it is another where a single manager or team of managers are responsible for a disproportionate amount of ...