Further to jscott's comment here http://www.invested.com.au/7/macquarie-newton-asia-funds-12992/index2.html#post26286 and the Platinum float... I'm wondering: is it better to invest in the fund or the fund manager? Gee sounds a bit like one of those "Sex and the City" questions..not that I'm admitting to ever watching it... I realise that it's a question of the difference between investing in say an Australian listed company and perhaps not a particularly large or liquid one vs investing in the underlying funds which may have investments in international shares, property and other assets. Particularly where the manager earns performance fees, there should be a more direct correlation between manager earnings and the performance of the fund/s. Even if it's a straight % of FUM there still should be a correlation, as successful funds tend to attract more money... What do you think? N
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