Fund Managers Quit to Trade Their Own Money in Taiwan Stock Boom

The world’s biggest equity rally is creating an unusual bout of FOMO among Taiwan’s professional stock pickers. Barred by local regulations from owning individual stocks in their personal accounts, fund managers and equity analysts are ditching prestigious finance jobs so they can bet their own money on shares they’ve spent years analyzing. Fewer than half of the 20 largest local equity mutual funds have retained the same portfolio manager for more than three years, according to fund-data website MoneyDJ. The temptation is clear: Taiwan’s benchmark stock index soared 62% this year to become the world’s best-performing major equity gauge, adding…