View the article online at http://citywire.co.uk/wealth-manager/article/a755959
Michael Hart: an obituary for the 1980s fund manager poster boy
by Dylan Lobo on Jun 10, 2014 at 11:47
Hart also had a few choice words for the hedge fund industry, which was growing in prominence towards the twilight of his career.
'There are some brilliant chaps now, hyperactive many of them. I was a bit dull and boring in comparison, more the steady type...I don’t like the high fees and I can’t invest in something when I don’t know what they are doing.'
After leaving F&C Hart had a tumultuous spell as director general of the Association of Investment Trust Companies, quitting the role in March 1998 after just two months. The exit came after a major corporate governance row with Hermes over the F&C-run Brazilian Smaller Companies Investment Trust on which Hart had served as chariman.
'I felt terrible, and got really depressed for two or three years after that,' he said.
Hart left the industry following the experience, spending time watching cricket and working on charitable causes before his death on 28 May.
Did you invest with Michael Hart and if so what are your memories?
News sponsored by:
As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
Today's top headlines
The Citywire guide to investment trusts
Investment trusts have proved to be a highly effective way to invest in the market. Citywire has interviewed the experts to find out more.
With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop
More about this:
Look up the investment trusts
Look up the fund managers
What others are saying
On the road
J.P. Morgan Elect on investment growth, income and cash. More information on J.P. Morgan investment trusts.
by James Phillipps on Jul 25, 2014 at 14:49