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

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

Rating:A Fund Industry Vet Switches to SMAs Not Rated 5.0 Email Routing List Email & Route  Print Print
Monday, June 30, 2008

A Fund Industry Vet Switches to SMAs

Reported by Erin Kello

A fund industry veteran has put together a product that aims to compete with mutual funds. Howard Present formerly of Evergreen Investments and Putnam Investments, has gathered together some veterans of the SMA world to put together a new SMA product that has lower minimums and fees than traditional separately managed accounts.

The new "individually managed account" (IMA) from F-Squared Investments, Present's new company, has lower minimums and fees than traditional separately managed accounts. This puts it in a position to better compete with mutual funds for retail investors, Present, now president and CEO of F-Squared Investments told the in an interview.

The new IMAs will feature a minimum investment of $15,000, with a fee of 55 bps all in. "The third feature that makes the IMA special is the use of an overlay manager," Present said. For this F-Squared uses Smartleaf Inc., which allows advisors access to better customization and tax management options.

The IMA will invest based on- F-Squared's ActiFindexes, which put Present's mutual fund expertise in the spotlight. They invest in the stocks owned by the top 10 funds in a class, not the actual funds.

Present also mentioned that F-Squared is looking into launching actively managed ETFs and hiring one or two sales people.  

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

5.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
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. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use