Crisis proved value of smaller focused asset managers - Veritas

Veritas co-founder and CEO Charles Richardson talks to Caroline Allen about how smaller, tightly-run companies provide better opportunities in testing market conditions

One of the more interesting fallouts from the global financial crisis is the impact it has had on the biggest brand names in the business. Contrary to everything investors were told ahead of the meltdown, it was not the small firms that collapsed first but the industry behemoths, where risk and core values got buried in structures too big and opaque to steer or control. Charles Richardson, co-founder and CEO of Veritas Asset Management, says the virtues of smaller, tightly-run investment houses have been proven through the most testing conditions in investing memory, and their time has c...