If the fund manager mostly does nothing, what value does he provide?
Good sysadmins as well.
Somewhere along the way operators think that if they don't push a button every fifteen minutes they aren't earning their pay (I blame bad management and production pressure). So when in doubt, look busy. It has awful and confusing effects on processes, leading to long term hard-to-diagnose noise in otherwise stable systems.
I think the same principle applies here. We want vigilant, patient, and wise did managers. Not just super active and excitable ones.