Does a manager having 'skin in the game' really help investors?

The fund management industry has come a long way in its efforts to boost transparency and ensure customer outcomes are made the priority. Although much of it has been underpinned by regulation, fund groups are getting better at telling customers what they are invested in, how much it is going to cost or if they could be invested in a better share class. It was interesting, therefore, to see interactive investor recently push a new avenue for transparency and call for fund managers to disclose how much they have invested in the funds they run. This is common in the US due to SEC regulatio...