Are you susceptible to fund manager risk? Are you susceptible to fund manager risk? Aside from the other systematic and unsystematic risks, investing in a mutual fund entails fund manager risk. In this post, we talk about fund manager risk and the steps to resolve it. Henil Shah / Tuesday, May 24, 2022 / Article rating: 4.8 Aside from the other systematic and unsystematic risks, investing in a mutual fund entails fund manager risk. In this post, we talk about fund manager risk and the steps to resolve it.