Fundhouse: 'Defensive' corporate communications erode trust

Open letter

Beth Brearley
clock • 2 min read

The “defensive” and arguably disingenuous way in which fund manager departures are communicated to stakeholders can erode trust and lead to negative assessments of the managers' remaining funds, according to Fundhouse CIO Rory Maguire.

In an open letter to fund groups, Maguire said investment businesses' usual tack when a fund manager leaves their organisation is to feign indifference, claiming the fund's process is team-based, with the departing manager engaged in more of a management and client-facing role. "This defensive message may be intended to protect the fund management business, but we believe it has the opposite effect," Maguire said. M&G's Fedeli: Taking on the CIO role, 'the big industry disruptor' and global opportunities He added that a more upfront communication would be preferable, for example th...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Asset Managers