The beauty parade
Investment consultants
Watson Wyatt
Do you prefer funds that have one clear decision maker or a team approach to investing?
We prefer a clear decision-making structure and transparent accountability. Although this is of course followed to the extreme in a one-man team, we think a team approach does help to balance views. In addition, due to the asymmetrical risk of corporate bonds, it is crucial to conduct a thorough credit analysis of all issues in the portfolios, which in our view is
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