Know your Fund Manager

An important - and often overlooked - aspect of selecting a fund manager or financial advisers: what is his PERSONAL track record? Who is actually managing the fund (is it a team or is one person responsible for the performance)? Is the fund manager focused on only one fund or does he have a number of funds to look after? Achieving good performance is difficult enough but the additional task of deciding which fund should benefit from the best ideas is nearly insurmountable. Naturally, fund managers and their employees are more interested in boosting the number of assets under management, and their profits/compensation, rather then just achieving best possible performance.