As a result, investors should sleep better, knowing there is always someone on the deck of the ship. Let's be honest. Calif. In the case of the Masters' Select Equity Fund, for example, there are six managers, Coughlan says. Each of the six managers is allowed to pick his favorite stocks. The total portfolio for the fund tends to average around 65 companies, he says.
Some funds have even larger numbers of managers.
The co-managers also serve as the funds' 14 equity stock analysts. To ensure that they do their very best possible work, the Galileo fund rewards the co-managers for making solid choices. That may particularly be true for funds with many stocks in their portfolios, experts say. One fund even has 14. The jury is still out on whether funds with many managers do better than single-managed funds.