Another week, another column in the financial press questioning whether the latest fund manager departure marks "the death knell for value funds".
Last week, M&G announced the resignation of Tom Dobell from its £1.4bn Recovery fund after more than 20 years at its helm. In April, value veteran Alastair Mundy took long-term leave from managing Ninety One's £501m Temple Bar investment trust for health reasons, while Invesco's Mark Barnett was removed from the Perpetual Income & Growth trust within the same month. For every value fund that suffers a manager exit, a high-growth tech fund is reaching record-breaking performance highs. In fact, it was less than 12 weeks ago that Polar Capital's Global Technology fund soft closed fol...
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