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Rating:Former Bear Big Plans Entrance to the U.S. Fund Business Not Rated 5.0 Email Routing List Email & Route  Print Print
Monday, July 07, 2008

Former Bear Big Plans Entrance to the U.S. Fund Business

News summary by MFWire's editors

James O'Shaughnessy, 48, is mulling mutual funds at his new namesake firm. Barron's reports that O'Shaughnessy, who left doomed Bear Stearns in March to start O'Shaughnessy Asset Management under a pre-arranged deal, is seeking backers so that his firm can launch new mutual funds. Currently, O'Shaughnessy manages $6 billion in mutual fund assets for the Royal Bank of Canada's mutual fund unit. Another partnership like this with a big fund firm is what O'Shaughnessy tells Barron's he is hoping to replicate in other markets including the U.S. 

Edited by: Erin Kello

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