I have to disagree.
Firstly, like someone put it, it's just not practicle (tho not impossible) for this FM to invest, due to compliance/regulation/legal restrictions, be it those set by SC, BNM and chances are this FM is a member/candidate of CFA, hence CFA code of ethics need to be considered as well. Well of course he/she can use "nominees", but u know wat that means.
2ndly, i personally think professional and personal matters shd be separated. If I interview somebody, and the candidate boatsed that he likes to invest in shares i'll be pretty worried about independance and fair dealings issue. If i get interviewed and being ask that question, i would say i dun invest personally, because i want to devote all my time/skills/knowledge/experience/analysis for the best interest of my clients, and my personal interest is secondary..U may call that BS, but that's a safer choice.
My real worry is i've notice ppl out there and in this forum, thinks FM/IBers in the industry "must" invest shares. I think it's very wrong.
If u buy the same shares as u invest for ur client (for FM) or on the client ur handling (for IBs) that is not independent. Not sure u still rmbr ur ethics "u must maintain ur independance or
seen to be independent" . If not why would these "professionals" have to go thru the route of using theirparents/sibling/wife/frens name to invest? If they dun think its wrong why dun jx use their own name, and tell the whole world?
Just my 2 cents as well.
Taiko, don't misunderstood my statement lar. i said "At the VERY LEAST, the fund manager should put some of his/her net worth into the fund he/she manages."
I am not even saying about SEPARATE portfolio.
Just my 1+1 cents.