Manager Termination

  • While our goal is to establish long term relationships with our managers, no manager stays first rate indefinitely. Periodic change is therefore inevitable. The key to successful change lies in its timing.
  • Causes for immediate change include:
  • Clear evidence of selection error.
  • Manager alters investment disciplines.
  • Manager changes risk profile.
  • Manager is not fully forthcoming & transparent.
  • Manager’s investment strategy ceases to make sense.
  • Absent the above, CA Partners believes that managers need to be allowed about three years to fully prove themselves.