INTECH reveals why hiring managers is down to analysis, not luck

A common refrain from investors is that they have bad luck hiring managers, but it’s more likely to be a consequence of how they hire managers. Some investors chase performance, which is a risky business. Performance for the investment managers they hire tends to regress towards zero, which leads to disappointment relative to expectations. Often it means strong managers will either not be hired or not be retained. In Chasing Performance is a Dangerous Game, INTECH Investment Managemen…