Francisco García Paramés, dubbed the Warren Buffett of Europe for the stellar returns of his flagship fund Bestinfond, has been the subject of considerable interest for a while now. Last September, Paramés broke up with his long-time employer, the Entrecanales family, for reasons which neither of the parties has fully disclosed.
Many institutions, even the large, sophisticated plan sponsors, end up buying high and selling low when it comes to hiring investment managers. How can that be?
In a recent poll conducted in the CFA Institute Financial NewsBrief, we asked readers, “Should fund managers be required to disclose their portfolio holdings on a quarterly basis?" Nearly 77% of the 737 global respondents think fund managers should be required to disclose their portfolio holdings on a quarterly basis, while about 23% of respondents don’t believe managers should have to reveal their positions every three months.
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