[Weekly Wrap] What makes a good fund manager?
Earlier this week, we reported that the announcement of another boutique set to open could be a sign of the times.
Rebecca Thomas, of Mint Asset Management, said the flurry of boutique openings was being driven in part by the fact that some of the big fund managers were reaching capacity. Others said boutiques were sometimes created because people saw a need for a type of fund that wasn't being offered, or had reached a stage in their careers where they wanted a new challenge.
Whatever the reason, commentators said the advent of more boutiques would be good for consumers because it would improve competition for investor money.
It was interesting, then, to talk to ANZ's head of wealth later in the week about whether banks can be good fund managers. It's something many of the mainstream banks have jumped in and out of over the years, and ANZ is probably the exception at the moment with its hands-on approach to funds management.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
