As Dan Benton's dream of building a durable
institution falls apart following steep losses, his partner, a
number of portfolio managers and a raft of analysts are leaving
to start their own operations. The question now is whether
these Andor refugees will get a favorable reception from
investors or whether they are too tarnished by the events of
the past two years.
If the experience of David Felman, former Fidelity manager
who ran the once high flying Andor Diversified Fund, is
anything to go by, investors are willing to accept to some
extent that he was not entirely responsible for the fund's 22%
slide last year. He has raised...