fund managers

When a fund manager moves on, should you hold or fold?

Ever since Edward Johnson III’s time running Fidelity’s flagship Magellan fund, successful investment managers have often attracted followers and celebrity status.

In more recent times, the UK has produced several investment celebrities: Mark Mobius, Anthony Bolton and Neil Woodford all gained a strong following on the back of many years of consistent market outperformance.

If your fund’s star manager quits, your returns will likely be lower

From at least the days of Edward Johnson III’s time managing Fidelity Magellan, investors have been on the lookout for so-called star fund managers. Through an ability to seemingly provide consistent market-beating returns (often combined with widely respected market commentary), these star fund managers are often able to gain a cult-like following among investors.

My worst ever investment: fund managers spill the beans

Whether you are a complete novice or have been investing professionally for many decades, one thing is inevitable: mistakes will be made. 

Common errors include chasing the latest hot fad, being lured by high dividend yields that may not prove to be sustainable, and ‘falling in love’ with a share that has performed well so that you’re reluctant to sell when you should. 

15 top fund managers name their best ever investment

Each month, Money Observer’s Money Maker series features the leading names in the fund management industry. 

In each piece, our interviewees explain where they are currently finding value in their respective market or asset class, and also give their take on a wide range of macroeconomic talking points. We also ask fund managers to name their best and worst ever investment. 

Has your fund manager ever dealt with a recession before?

For the past couple of years, the global economy has been described as ‘just right’ – the so-called Goldilocks scenario. But, as parents and grandparents know all too well, Goldilocks is eventually confronted with a family of bears, and the same fate is likely to befall stock markets following their nine-year bull run.