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

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

Rating:Quaker Farms Out Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 17, 2002

Quaker Farms Out

by: Tony Pennino

Valley Forge, Pennsylvania-headquartered Quaker Funds has named Sectoral Asset Management to sub-advise its new Quaker Biotech Pharma-Healthcare Fund, Jerome Pfund, ceo for the latter, told the MutualFundWire.com. This is Quaker's first fund in this investment sector.

The contract with Quaker Funds is the first U.S. alliance for the sub-advisor. It currently has clients in Europe, Japan, and China.

"We are a very young company," Pfund reported, "founded in 2000. Our two original partners are from Europe. But we are now beginning to focus on our sub-advisory business in this country."

"We will continue to look for clients in the United States. We want to try to find different clients with products in different sectors and different distribution channels," he continued.

For the Quaker fund, Sectoral will be providing portfolio management and marketing support.

"The Quaker people came to us with a totally different philosophy. They came with an open mind. They asked us what kind of fund we want to manage, what sector that fund would be in. We could create some of the parameters and definitions of the fund," the executive contended.

The fund will have holdings in 15 to 25 companies.  

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: Q4Q3Q2Q1
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