St James’s Place CIO Onuekwusi warns investors against chasing top-performing fund managers
Bitget2026/10/07 07:42St James’s Place flagged the “winner’s curse” risk in fund manager selection, warning against chasing recent outperformance. The group cited a study of 400+ institutional manager switches where fired managers beat newly hired managers over the next three years. SJP pointed to S&P Dow Jones data showing top-quartile US large-cap funds had about a 6% chance of staying top-quartile. Manager due diligence will emphasize repeatable edge, process resilience, and on-site reviews over short-term performance tables. The firm said it prefers blending managers with complementary styles to reduce reliance on any single manager’s cycle-driven results. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. St James's Place Group plc published the original content used to generate this news brief on October 07, 2026, and is solely responsible for the information contained therein.
- St James’s Place flagged the “winner’s curse” risk in fund manager selection, warning against chasing recent outperformance.
- The group cited a study of 400+ institutional manager switches where fired managers beat newly hired managers over the next three years.
- SJP pointed to S&P Dow Jones data showing top-quartile US large-cap funds had about a 6% chance of staying top-quartile.
- Manager due diligence will emphasize repeatable edge, process resilience, and on-site reviews over short-term performance tables.
- The firm said it prefers blending managers with complementary styles to reduce reliance on any single manager’s cycle-driven results.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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