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Fundhouse: 'Defensive' corporate communications erode trust
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investmentweek.co.ukIn 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...
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