Beware the Cult of the Star Manager

Editor's Views: Holly Black says a team-based approach to investing may be a sensible approach and why the self-employed need more nudges to save for the future

Holly Black 1 November, 2019 | 10:41AM

editor

The cult of the star fund manager is a peculiar one. But it’s true that some investors just have that something about them which catches the attention of the masses. It could be charisma, intelligence or a willingness to make contrarian calls – but often it’s just a case of making a lot of money over a period of time.

I can see why the investment industry embraces the cult of the star manager, though. Investments are an area that few people take an active interest in – it sounds dull and difficult, and is inherently one of those to-do list items that can always be left for another day. So, on the rare occasion that a manager achieves the impossible and gets Joe Public interested, it’s no wonder that the marketing machine goes into overdrive.

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About Author

Holly Black  is Senior Editor, Morningstar.co.uk

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