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 |
|
Friday, April 27, 2001 Semper Fido Boston-based Century Capital Management is wedging reputations and relationships into an opening at Fidelity. "We broadened our sales to the RIA channel, more through Fidelity than Schwab," said Patrick Carolan, managing director at Century Capital. "Our small cap fund was one of eight funds selected by Fidelity to be featured in Fidelity Forum magazine." Carolan, a former vice president at Fidelity Institutional responsible for the RIA channel, is also targeting RIAs with co-sponsored advisor programs in New York and Boston, involving portfolio managers from Eaton Vance, SSGA, NVest, and Century Capital. Century Capital is also breaking down internal divisions between its mutual fund and its institutional private equity arms with a hybrid product in development. The firm is in discussions with several larger fund groups to distribute a continuously offered closed-end fund that mixes 40 percent private equity and 60 percent public securities. "[We're] been in discussions for last three to four months, but the industry saw Scudder Weisel disappear, so there's some hesitation," said Carolan "But some of the larger broker groups have been telling us that the demand is there." The Boston-based firm subadvises the Orbitex Financial Services Sector Fund, as well as an offshore fund for a Bermuda-based insurance company. Printed from: MFWire.com/story.asp?s=26546 Copyright 2001, InvestmentWires, Inc. All Rights Reserved |