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

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

Rating:Marsico Loses the Lead PM of a $530M Fund Not Rated 5.0 Email Routing List Email & Route  Print Print
Tuesday, July 10, 2012

Marsico Loses the Lead PM of a $530M Fund

Reported by DW

Douglas Rao's tenure as a portfolio manager for Marsico Capital Management appears to be over. According to documents filed with the SEC, the PM of Marsico's Flexible Capital Fund, a fund with about $530 million in AUM and a five-star rating from Morningstar, will depart the firm effective July 20.

In addition to being lead PM of the Flexible Capital Fund, Rao serves as co-PM of the $1 billion Marsico Focus Fund and the $722 million Marsico Growth Fund, each of which is rated three stars by Morningstar, along with Marsico CEO Thomas Marsico and Coralie Witter.

He is being replaced as PM of the Flexible Capital Fund by Munish Malhotra and Jordon Laycob, both current Marsico PMs.

Rao isn't the only PM leaving Marsico. Last week, another filing disclosed that Joshua Rubin, co-PM of the $4.9 million Marsico Emerging Markets Fund, left the firm. And back in April, Charlie Wilson, who was another co-PM of the same fund, left Marsico for Thornburg Investment Management. Munish Malhotra is now the sole PM of the Marsico Emerging Markets Fund.

Rao also managed funds for Harbor Funds and Columbia, and will no longer be managing portfolios for these funds. The news of Rao's departure was confirmed by a press release from Harbor.

Marsico did not respond to MFWire's requests for comment by press time. 

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

 Do You Recommend This Story?

Return to Top
 News Archives
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. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use