Not many fund managers you meet use Sherlock Holmes as an analogy to explain their approach. However, Richard of AMC cites Arthur Conan Doyle’s creation and his detective work in the story, “The dog that didn’t bark” to make his point. He says that the job of a fund manager requires a similar deductive thought process to unearth the far-reaching impact of news flow or to cut through market noise or to identify a change in trend.