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Is it worth hiring Messi to be your fund manager?

When investors seek managers to invest with, they tend to look for those of 'rock star' status, but it often goes wrong

STELLAR PERFORMANCE: If a Messi and a Neymar cost so much that they hurt the shareholder's bottom line, then a rational investor will have to think twice and maybe go out to look for other better valued players.

A STRANGE question, right? After all, Lionel Messi is a world-famous football player, not a fund manager. So let me explain.

When investors look for fund managers to invest with, they often look for "rock star" managers - Messi equivalents in the world of finance. A typical, desirable...

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