Tom Yeowart: What makes a good fund manager?

The great benefit of managing a multi-manager fund is the time spent meeting talented people who invest across a diverse array of asset classes and geographies. One thing that is quickly apparent from these meetings is there is no ‘right' or ‘wrong' way to invest and no simple or formulaic method of achieving success.  This insight seems at odds with an industry that strives to delineate neatly between investment ‘styles' and is guilty of using catch-all terms, such as ‘value', ‘growth' and ‘quality'. Using such broad-brush strokes may make things easier to understand - while also making...