FYI: Although it doesn’t match the intensity or following of Red Sox versus Yankees in baseball, or Duke versus North Carolina in college basketball, the mutual fund industry is rife with competition. Morningstar Manager Research Analysts often examine a fund manager relative to their benchmark and peer group, yet some managers measure themselves against past coworkers. And while top managers are often highly motivated, well compensated, and entrepreneurial, competing with a former boss or protégé may add extra incentive.
Regards,
Ted
https://www.morningstar.com/articles/950667/manager-rivalries-in-the-fund-industry
