Please answer in 2-3 paragraphs about the scenario below thank you John is a por
ID: 451271 • Letter: P
Question
Please answer in 2-3 paragraphs about the scenario below thank you
John is a portfolio analyst for Metropolitan City Teachers’ Retirement Fund (MCTRF). His boss, Mary, has asked him to compare one of MCTRF’s external growth stock portfolio managers, Bill Fredericks, against Growth Unlimited (GU) and make a recommendation. Mary sees some impressive numbers in GU’s performance over the last three years. In fact, John normally evaluates fund managers based on a three-year record. However, this time he is considering a different approach. Bill Fredericks was actually slightly ahead of GU during last quarter. In addition, John and Bill have become close friends. Bill has helped John with several projects apart from growth stock investing and has arranged for John and his staff to attend some of Bill’s educational seminars without cost to MCTRF. Analyze John’s decision from a virtue ethics perspective. Which recommendation(s) pass the virtue ethics test?
Explanation / Answer
John is a portfolio analyst for Metropolitan City Teachers’ Retirement Fund (MCTRF). His boss, Mary, has asked him to compare one of MCTRF’s external growth stock portfolio managers, Bill Fredericks, against Growth Unlimited (GU) and make a recommendation. Mary sees some impressive numbers in GU’s performance over the last three years. In fact, John normally evaluates fund managers based on a three-year record. However, this time he is considering a different approach. Bill Fredericks was actually slightly ahead of GU during last quarter. In addition, John and Bill have become close friends. Bill has helped John with several projects apart from growth stock investing and has arranged for John and his staff to attend some of Bill’s educational seminars without cost to MCTRF. Analyze John’s decision from a virtue ethics perspective. Which recommendation(s) pass the virtue ethics test?
Answer :
Given Information :
Name of the organization : Metropolitan City Teachers’ Retirement Fund (MCTRF)
John : portfolio analyst for .
Boss: Mary
Task from Boss to John :
1) To compare one of MCTRF’s external growth stock portfolio managers, Bill Fredericks, against Growth Unlimited (GU)
2) Recommendation.
Friendship developed between John & Bill.
They attended some educational seminars without cost to MCTRF.
Analysis :
There are at smallest two virtues at pale. One is relationship. If Bill is condescending John simply for pardon he can get in return, then there is no factual friendship and therefore no relationship obligation. But the circumstance description gives a clear sign that their friendship is honest. This kind of friendship can make a conflict of interest, and one strength argue that John must find another fund boss. The friendship however exists and creates a genuine loyalty duty.
The other virtue is John’s skill as a portfolio analyst. A portfolio forecaster makes recommendations founded on investment characteristics, not faithfulness to friends. It appears in this case that there may be a battle between these qualities.
Due to the conflict, asset ethics has nothing to approximately around this decision, and whichever reference passes the virtue test. The reference must be based on useful factors and any duties established by the simplification test.