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

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

Rating:Berger Mulls Over Four New Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, May 17, 2002

Berger Mulls Over Four New Funds

by: Sean Hanna, Editor in Chief

Berger Financial Group is working on three or four quantitative funds to be subadvised by its newly purchased Intech unit. The revelation was made by Jack Thompson, chief executive at Berger to the Wall Street Journal. The firm expects to have the funds ready by October 1, assuming clear passage through the registration process.

The unit of Stilwell financial will base the funds on the S&P/Barra style indices. They will effectively mirror the Intech Enhanced Index, Large Cap Core and Large Cap Growth portfolios. The firm has not decided if it will also base a fund on the Large Cap Value portfolio. Intech will use quantitative models to try to outperform the indices by at least 130 to 450 basis points annually. The firm also hopes to use the models to limit the downside risk in the funds.

The track record of "enhanced" index funds such as these is mixed. Even when funds have beaten their bogey, they have failed to catch on in the retail market and draw large amounts of assets. Most likely, the funds will appeal to a sub-group of "quantitative" investment advisors seeking new options for their clients. The minimum investment will be $10,000.

Thompson said that the funds will also be offered to 401(k) plan sponsors, but that is likely to be a fringe market at best as few plans have space in their core offerings for this type of fund.  

See the list of all the 2002 Most Influential People

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

 Do You Recommend This Story?

Return to Top
 News Archives
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:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use