Monday, November 12, 2007

No more star managers?

A recent Morningstar report (subscription required) makes the case that the era of star fund mangers may be over. Janus, for example, just replaced star manager David Corkins with two new managers, Morningstar said. And Fidelity announced that a lineup of managers will run some new funds, the fund researcher said. It all points to a “growing trend” toward multiple managers.

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