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Rating:Grail Advisors' CEO Talks About His Big Win Not Rated 1.0 Email Routing List Email & Route  Print Print
Wednesday, July 14, 2010

Grail Advisors' CEO Talks About His Big Win

News summary by MFWire's editors

Bill Thomas, the top executive at San Francisco ETF shop Grail Advisors, talked to Active ETFs | In Focus' Shishir Nigam about Grail's partnership with Jeff Gundlach's DoubleLine Capital. As reported last month, the two are putting together an fixed income ETF that will be actively managed by DoubleLine.

"It’s a huge win and especially that win with Jeffery Gundlach and his team that had come over from their previous employers, really just fantastic," Thomas told the pub. "They are the fastest growing money manager in the United States."

One of the other topics that came up during the interview was conversions. Thomas said his firm will likely make an announcement within the month about a separate account manager converting its program into an ETF.

"You’ll probably see a closed-end fund do it as well. And then we’ve been working with several mutual funds that are looking to do it and they certainly want to get their first because they see the benefit of being the innovators. So we expect to get something done here probably some point in the third quarter," he added. 

Edited by: Armie Margaret Lee

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