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Rekenthaler Report

More Cooks Improve the Broth

The case for management teams.

Three Is Company
Team portfolio management has become quite the fashion. Whereas 67% of U.S. stock funds were run by a single manager in 1992, the figure today is less than 30%. Conversely, whereas large teams were once almost unheard of, a full one fourth of such funds currently are run by four or more managers.