MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, December 10, 2009 A California Fund Firm Leaves the Door Open for More Acquisitions Dunham Mutual Funds continues to look at acquisition opportunities, said Salvatore Capizzi, chief sales and marketing officer, in an interview with The MFWire on Thursday, the fifth anniversary of the launch of Dunham's line of funds. In September of last year, Dunham closed its purchase of the Kelmoore Funds. San Diego-based Dunham currently offers 11 sub-advised mutual funds. Starting in the second half of this year, Dunham's offerings became available through wirehouses for the first time. The funds went live on two wirehouses and another broker-dealer whose scope is national, according to Capizzi. He declined to name the firms. "One of the objectives at Dunham is to start spreading the gospel of performance-based fees outside of the independent broker-dealer channel," Capizzi said. Dunham also signed an agreement with another wirehouse, which has undergone a merger. The funds won't be available on that platform until the first or second quarter of next year. Dunham currently has a total of 425 broker-dealer relationships, up from 140 in January 2008, Capizzi said. Printed from: MFWire.com/story.asp?s=23494 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |