The folks at a $60-billion-AUM (as of June 30, 2024), multi-manager fund firm in the Midwest and those at a $32-billion-AUM (as of December 31, 2023), quantitative asset manager in the Northeast are teaming up for the first time. The two firms, both part of publicly traded multinatioals, are jointly powering a new quant equity fund.

Kristof Marius Gleich Harbor Capital Advisors, Inc. President, Chief Investment Officer

Yesterday (October 10), Kristof Gleich, president and chief investment officer of Harbor Capital Advisors, Inc. [profile], unveiled the launch of the Harbor PanAgora Dynamic Large Cap Core ETF (INFO on the NYSE Arca, Inc.). Chicago-based Harbor (part of Orix's Robeco) serves as the new ETF's investment advisor, while Boston-based PanAgora Asset Management, Inc. (part of Power Financial's Great-West) serves as subadvisor.

INFO's inception date was Wednesday (October 9). The new fund comes with an expense ratio of 35 basis points, and as of today it has $5.027 million in AUM.

The new ETF will be PMed by two PanAgora portfolio managers: Jaime Lee, managing director and head of dynamic equity investments; and George Mussalli, head of equity research and chief investment officer.

Gleich describes INFO as a potential "cornerstone in client portfolios."

"Our partnership with PanAgora is a continuation of our commitment to identifying and partnering with differentiated boutiques that we believe can generate strong returns for our investors," Gleich states. "We particularly like their mindset of continuous improvement and commitment to thoughtfully improving their model with new signals as opportunities present themselves — dynamic research is key, especially in this era where data and technology continue to evolve at a rapid pace."

INFO is a series of Harbor ETF Trust. The new fund's other service providers include: Ernst & Young LLP as independent accounting firm; ACA's Foreside Fund Services, LLC as distributor; and State Street Bank and Trust Company as custodian, dividend disbursing agent, and transfer agent.

(Meanwhile, the launch of INFO comes two weeks after a leadership handoff at PanAgora and ten months after Great-West sold PanAgora's prior parent.) 

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