Does anyone mind style drift?

When Nabil Debs consulted his investors about changing the Plutus fund's strategy, few opposed his proposal. "The majority of investors were receptive," he says. "Some of those who had allocated to us specifically for convertible exposure decided to leave (pulling money from the strategy, rather than placing it with other convert specialists who were determined to stick to their knitting). The rest, comfortable with the team at Plutus, retained their investments and adopted a 'wait and see' approach – which in hindsight worked well for them. We are driven by absolute returns and our investors expect that of us."