Recruiting, selecting, retaining, and monitoring successful investment managers: A review of a scattered literature

Abstract

This article attempts a comprehensive and multi‐disciplinary review of a scattered literature on the characteristics of successful investment managers. It considers nonpeer reviewed papers and reports written by organizations and human resource experts but also empirical papers from those in disciplines such as business studies, economics, finance, psychology, and psychiatry. It focuses on three issues: Ability, personality, and motivation. Most of the studies have concentrated on motivation and various themes are apparent suggesting that it is possible to profile successful investment managers.