Exact(8)
Even if the fund is managed carefully, the manager can be forced to sell if investors leave the fund.
Yet the manager can matter a lot.
Sometimes the manager can run some interference.
The manager can think only pragmatically about the task ahead.
But the manager can do what he thinks.
This is an argument the manager can never win.
The manager can only hope this represents a starting point.
"I don't think the manager can [quell] the pressure," he said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com