Unconstrained Investing is a great way for fund managers to pursue investment themes and ideas without tying them to a specific performance benchmark. This allows them to be more creative in their approach, and ultimately produce better results for investors.Of course, there are some drawbacks to this approach as well. For one, it can be more difficult to track the progress of an unconstrained portfolio. Additionally, if the markets take a turn for the worse, these portfolios can underperform their benchmarks quite significantly.Overall though, I believe that unconstrained investing is a great way for fund managers to add value for investors. It gives them the flexibility they need to pursue interesting investment ideas without being constrained by traditional benchmarks.
