Trustnet Magazine 80 January 2022 | Page 52

ques trustnet . com may be true that larger an benefit from economies ient base , compliance and e cost advantages they gain ly translate into better client s or improved service ”

Jerry Wharton Chief executive of Church House

better client outcomes or improved service .” With a large infrastructure to support , larger companies need larger funds generating larger fees . This can see performance drop away . Mark Harris , head of multi-asset at EPIC Investment Partners , says there are good fund managers in both large and small businesses , but in the former , they can become constrained and consensual . “ The danger is they start to go down the path of group think ,” he says . “ This is down to a couple of factors – many layers of management , and for some strategies they can end up running too much money , which means they are hampered in their ability to invest the way they did in the past .”
At cross-purposes Equally , the bank of analysts so often sold as a major advantage for large fund groups isn ’ t necessarily an advantage for investors . Cedric
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