Does Fund Manager need the knowledge of technical analysis?

1) What do you think about Technical analysis?

Please specify your occupation/profession i.e Fund manager, Stockbroker etc. and years of experience in stock trading and investment.

Please specify also if you are financial adviser, individual investor, or stock trader and your years of experience in stock trading and investment

I supposed you mean the need of knowledge of technical analysis to be have good track record. I would say depends on individual fund manager. Some fund manager can excel with knowledge of fundamental or analytical. What most important is whether they follow their own way of system religiously.

Technical analysis based mostly on feel by the changes of govt policy, politics, economic outlook and many more. Let do not highlight about hedge fund manager as its all different aprroach by the mutual fund manager. If I am not wrong, most fund manager uses technical analysis to help average investors to invest. Resulted many mutual funds lost value. However there are some fund manager feels it right and choose a right mutual fund and help investors make money.

I do not say that technical analysis is bad vice versa its good if the analysis is right. What is important for the fund manager is the responsibility to the investors' money. Use exit strategy when technical analysis fails. Do not persist on holding or buying more.
Cut the losses to the minimum. Conclusion is fund manager do not concentrate about winning instead focus on how to avoid losses. Knows when to sell when you buy.

Technical Analysis is 0% useful in long term investing.
A stock can be valued by its fundamentals only and not by a demand supply study.

I am a portfolio manager of True Blue Funds - operating in Indian Markets having 7 years experience in equities.

No.