Research Review: Stability vs new ideas

Compiled by PortfolioConstruction Forum | 16 July 2013

We asked the fund research houses:  Is it more important for a fund manager to have strong investment team stability, or to have some turnover of investment team staff to allow for new ideas?

Mercer

In any appraisal of an investment manager's capability, there are some characteristics which have, over time, assumed a generic attribute and become superficial in meaning. Like the notion that a manager would seek to purchase holdings that are “und...