PTL Blog

Counterparties come to the party

Posted by Richard Butcher on May 24, 2017 11:22:00 AM

First published in Engaged Investor, 24 May 2017

Richard Butcher, managing director of PTL talks about his bugbear in any investment mandate but particularly a fiduciary one, that it is rarely clear who is involved.

I’ve got teenage kids and as a consequence, one of my recurring nightmares is the “facebook party”. You’ll have heard about these. Your teenage child asks “can I have a few friends round while you’re out on Saturday?” You reply, “Sure, but not too many and behave yourselves.”

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Topics: investment, fiduciary management

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