Many investors flock to star fund managers in the hope their success last forever. New data suggests that long-term outperformance is harder than you think, as discussed in Shares’ main feature.

Also this week: BT could be the next big company to slash dividends, another bout of bad news for insurers, and retail investor favourite Hurricane Energy bounces back.

Shares explains what a debt-for-equity swap means for Thomas Cook shareholders, and it outlines the reasons why investors are attracted to Microsoft.

The digital magazine compares the performance of trusts and funds run by the same managers, and it outlines the range of ETFs to play the different US markets.