The lesser-known risks of not having a key man

Many column inches have been written about the dangers of key man risk for asset managers, but what about the other side of the coin: the perils of not having well-known individuals attached to a fund?

A number of fund groups at various times have shifted from promoting a named manager or managers on a particular product to solely pushing a team-based approach. After all, showing the strength of resource behind a strategy is undoubtedly a powerful selling point with wealth managers, and helps reduce the fallout if a key individual departs. However, while such a move may work in the institutional space for example, the UK wholesale market is a very different beast; people in this industry buy people. As our recent interviews with the industry's key Investment Influencers demonstra...