Fundhouse: 'Defensive' corporate communications erode trust

Investment Week

In an open letter to fund groups, Maguire said investment businesses’ usual tack when a fund manager leaves their organisation is to feign indifference, claiming the fund’s process is team-based, with the departing manager engaged in more of a management and client-facing role. “This defensive message may be intended to protect the fund management business, but we believe it has the opposite effect,” Maguire said. M&G’s Fedeli: Taking on the CIO role, ‘the big industry disruptor’ and global opportunities He added that a more upfront communication would be preferable, for example th…

The full article is available here. This article was published at Investment Week.