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FYI: When a star manager calls it quits, should you take your money and run?
This isn’t just armchair speculation for investors in T. Rowe Price New Horizons (ticker: PRNHX). Manager Henry Ellenbogen’s last day on the job will be March 31. Ellenbogen, who is leaving the firm, has run the fund for nine years, producing top-notch returns. Investors can only hope he doesn’t take the portfolio’s outperformance with him, a common pitfall when a fund loses its star stockpicker. Regards, Ted https://www.barrons.com/articles/what-to-do-when-a-star-manager-leaves-51552085412?mod=djem_b_Weekly barrons_daily_newsletter