Time for teams?

Time for teams?

However many analysts and support functions a fund manager may have, his employer's emphasis on a "team-based approach" is traditionally only reserved for a time when the fund house is trying to downplay the departure of the focal point of that team.

Is that about to change? There are reasons to think so, the most obvious being the near-endless stream of manager moves that now occupy so much of the industry’s time. Another is the influence of the US: fund houses across the pond are increasingly emphasising teams of managers rather than individual stars. Just as significantly, however, there are reasons to doubt the growth of the group management strategy. These doubts are not based on the differences in culture – where identifying a clear advantage either way is hard to define – but on the way in which fund buyers would react. ...