Are fund managers important? Or are the ‘systems and processes’ followed by asset management companies (AMCs) enough? This discussion usually comes to the forefront when a ‘star fund manager’ exits.
AMCs usually try to play it down saying “there is no reason for investors to worry because we have systems and processes in place”. This is not a correct description. The main utility of a fund manager is the visibility. Investors will be able to understand a ‘visible fund manager’ better th ..
