There are times when you may have good reason to fire a fund manager. When a manager doesn't stick to its stated investment philosophy it is known as style drift, and a drifting manager is one to cut loose, say Glacier's Leigh Köhler, Nedgroup Investments' Anil Jugmohan and MitonOptimal's Joanne Baynham.
A manager that performs well when its investment style is out of favour or buys shares that don't match its stated investment philosophy could be drifting...
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