Love is not logical. Arguably, nor are investors who stick with underperforming investments in the belief that their fortunes may reverse against all evidence, writes John Roe, head of multi-asset funds at Legal & General Investment Management.
But many fund managers appear to hold certain assets even when it would be prudent to walk away, going against their more rational judgement and demonstrating a very human susceptibility to behavioural...
European Commission relents to pressure
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