Fundsters interested in the former Washington Mutual mutual fund business may want to take a look at Bloomberg. Yesterday Lisa Abramowicz reported that two WM Advisors alums just launched a new mutual fund subadvisory firm, Strategic Income Management, in Seattle. The new firm is prepping products for American Beacon [see profile] and First Trust [see profile].

Wamu sold WM Advisors to Principal Financial Group in 2006. Gary Pokrzywinski and Randall Yoakum, co-founders of SIM, most recently served as chief investment officer and chief investment strategist, respectively, for Principal's Edge Asset Management. They specialize in asset allocation and high yield fixed income. 

Edited by: Neil Anderson, Managing Editor


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