has reluctantly entered a business it has strategically avoided: separate accounts. While many funds struggle with the dilemma of revving up separate accounts, AIM is 18 months into its own program, Private Asset Management
Why did AIM finally cave?
"We stayed away from that business for a number of years because it wasn't efficient," admitted Robert Graham
, president and ceo of Aim Funds. "A lot of that has shifted in the last couple of years where traditional shareholders in our funds have moved up to a separate account."
While Graham is not responsible for the development of separate accounts, the fund group does offer PAM a helping hand on the investment side: fund portfolio managers develop and manager a model portfolio that gets broadcasted to PAM. Within PAM, managers customize those portfolios to suit their clients.
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