Financial Times: Politician’s sprinkling of stardust boosts the funds industry

David Pitt-Watson, Pembroke Visiting Professor of Finance at Cambridge Judge Business School, discusses the appeal of recruiting former politicians to asset management firms. “They are giving their name to a business and investors will be drawn to that. If the strategy is overly complex and goes wrong, their reputation is at stake and investors who have followed them could lose trust,” he said. (subs)

Read the full article [ft.com]