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

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

Rating:This Summer, a Chitown Shop Will Enter the Mutual Fund Biz Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, April 13, 2016

This Summer, a Chitown Shop Will Enter the Mutual Fund Biz

Reported by Neil Anderson, Managing Editor

A Chicago-based startup will enter the mutual fund business this summer. They're also prepping closed-end funds, ETFs, and UITs. And a top executive expects to be expanding the team.

Steven Neamtz
Vest Financial
Senior Managing Director
Steve Neamtz, who just joined Vest full-time as a senior managing director, confirms that the Chicago Board of Exchange (CBOE) subsidiary has a host of new products planned. Watch for Neamtz to add more people to the team.

"We're in the throes of developing a line of mutual fund products. The various wrappers that our methodologies can be utilized sort of span the gamut," Neamtz tells MFWire. "We'd like to launch by early summer in the UIT space and the mutual fund space."

As for exchange-traded products, including ETFs, Neamtz says the team will "start to formulate ... findings in that arena in the second half of 2016."

"We need to be a bit more opportunistic on the closed-end side," Neamtz adds.

In terms of hiring, Neamtz says his is "absolutely" bringing new folks on board.

"We'll both have internal resources to support the PMs and the communications of these strategies," Neamtz says, adding that their distribution model will include will also include working "strategically with some third-party distribution." 

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: Q3Q2Q1
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