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Fund managers are known to keep a low profile irrespective of the amount of money they manage. However, at a recent market event, where several domestic mutual fund bigwigs were present, many in the audience began to mill around some of the CEOs and fund managers of asset management companies to click photos with them.
A CEO, who was hesitant to pose for a picture, reminded people around him that he was no celebrity. The selfie-seeker replied, “Markets are the new cult and money managers the new superstars.” The response surprised the CEO and he felt obliged to pose for a selfie.