Jon Little, Partner

“Fund Management is a people business”; “Our assets go up and down in the lift every day.”

These are two of the most glib, over-used phrases in the fund management business and I have a tendency to grind my teeth whenever I hear them. However what offends me is less their ubiquity but the fact that those who use them seem to have spent little if any, time actually thinking about what they mean in practice.

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