Over the years, George has been one of the most successful equity portfolio managers in the financial services industry.

His desire to focus on specific core funds has given me the opportunity to redistribute assets to managers whose talents warrant larger assignments.

One of the most important tasks of a manager is to eliminate his people's excuses for failure.

It's 5 P.M. at the office. Working fast, you've finished your tasks for the day and want to go home. But none of your colleagues have left yet, so you stay another hour or two, surfing the Web and reading your e-mails again, so you don't come off as a slacker. It's an unfortunate reality that efficiency often goes unrewarded in the workplace.

We're really reducing the potential inflow, not cutting it off,

There is no single rule that can be applied in deciding whether or not to limit new purchases in a given fund,