Unwittingly, Andor has become the subject of one of the
industry's favorite games: guessing which next high-level
member of the team is about to leave a one time high-flying and
seemingly all-conquering shop. For the players, the game is
made all the more pleasurable if a fund is reputed to be aloof
It is like watching a hugely successful sports team that
suddenly loses it way. Rival fans delight at the way the mighty
have fallen and even diehard supporters get a strange cathartic
satisfaction from analyzing what has gone wrong.
A similar phenomenon is taking place at Andor today
following a run of poor performance that has seen returns slide
sharply from the high, which led to the start of the
departures. The first senior person to go was Nick Romano,
considered the number three man on the investment team after
Dan Benton and Christopher James.