It can bring fresh thinking and put a new lease of life into a portfolio and its performance
In the same manner a football team’s fortunes can turn upwards when a new manager enters the dressing room, performance can also improve when a new portfolio manager takes over or assumes sole responsibility for an investment trust. A long-standing manager can benefit a trust if they have experience of how to navigate both good and bad markets. However, by bringing a fresh pair of eyes, a new broom...