Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A New Indy Fund Shop Banks on a Secret Investment Recipe Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, January 8, 2008

A New Indy Fund Shop Banks on a Secret Investment Recipe

Reported by Erin Kello

On a summer morning last year, Bob Auer left his post of vice president of investments at Morgan Stanley and before afternoon came, SBAuer Funds was born.

Bob Auer
SBAuer Funds
Founder
"I resigned the morning of August 1 and by noon the company (SBAuer) was born," Auer tells the MFWire. Indianapolis-based SBAuer currently manages one fund that incorporates a secret investment recipe that Auer had used to manage his family's money for 20 years.

Currently, the Auer Growth Fund (AUREX) is being sold through E*Trade, Fidelity, TD Ameritrade, Scottrade and Pershing.

In the process of setting up the new fund shop, Auer had to make some tough choices, like forgoing Schwab's OneSource platform for the moment because of the expense. "They charge 40 bps of the management fee," Auer said, "that is just more that we can afford right now."

Auer hopes that by the first of next year that the fund will have gathered enough assets to make being on OneSource possible.

Although SBAuer currently has no plans to launch another fund, Auer says if they were going to add another product, it would most likely be a balanced fund that would utilize the same proprietary strategy as the growth fund.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use