n Personal Finance Newsletter - The consequence of chasing past performance : investment insights
|Article Title||The consequence of chasing past performance : investment insights|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Feb 2015|
|Pages||5 - 6|
Why are asset managers fired? Not only by retail investors, but also by professionals, consultants, and multi-managers? In most cases it is a function of performance, according to Eugene Barbaneagra, senior portfolio manager at SEI Investments. SEI is a NASDAQ-listed multi-manager which serves 23 South African clients through its Johannesburg office-mostly pension funds and a few wholesale distributors. A manager is typically hired after a period of good performance and shown the door following a spell of underperformance, he says.
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