Institutions listed poor performance as the main reason for firing a manager, a new survey finds.
Scale is likely most sought out for fixed income mandates, where its benefits are more apparent, said Nolan Bean, CIO and head of portfolio management and FEG Investment Advisors. However, each strategy is different, and institutions should remain wary of just flocking to the largest managers, he said. "If you get too big, you get bloated, and you can't drive results," Bean said.