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Friday, January 10, 2014

About that Michael Ma Rumor...

Reported by Tommy Fernandez

The fund industry has been abuzz with rumors that Michael Ma, formerly head of retail advertising and prospect marketing at Vanguard, has returned to the distribution research and consulting firm kasina, where Ma had worked for eight years, serving as principal and chief business officer.

Well, badly quoting Mark Twain here, the rumors of Ma's return have been greatly exaggerated.

After a query from MFWire, kasina chief executive Steven Miyao got on the phone with us to clarify the situation.

Even though Ma left kasina full-time in 2008, he has always done at least some work with kasina, as a research partner, since then.

Miyao said that that situation hasn't changed at all. However, the kasina CEO said that a number of Ma rumors had sprung up recently for some reason. He didn't know why.

Ma left left Vanguard in 2013 to serve as chief growth officer of the online investment platform Betterment.



Know of any gossip or rumors worth checking into? Contact MFWire at editors@investmentwires.com.  

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