Fund manager change: whose track record is it?
A fund's headline returns are often used to judge it — but those returns were earned by whoever managed the fund at the time. When the manager changes, part of that record no longer belongs to the person running it today.
Why the manager matters
In an actively managed fund, the manager chooses what to buy and sell. A strong five-year record built by one manager tells you little about a fund that changed hands last year. For index funds the effect is smaller — the strategy is rules-based — but for active funds a manager change is a genuine reason to re-check whether the strategy you bought is still the one running.
What to look for
Check how long the current manager has actually run the fund, and whether recent performance lines up with their tenure rather than a predecessor's. A recent change isn't automatically bad — but it means the older part of the track record deserves less weight.
How OmniAsset surfaces it
OmniAsset reads each fund's standardized disclosures and shows the current manager's tenure, and flags a recent manager change in the Health check, so a strong past record built by someone else doesn't quietly flatter a fund you're holding or considering.
See who actually runs your funds — and when that changed.
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