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 |
|
Tuesday, June 25, 2013 Post Acquisition, Hedger Plans Mutual Fund Invasion So, we know that Arrowpoint recently bought Aster Asset Management, manager of the Meridian Funds to jump into the mutual fund space. We also know that two former Janus PMs who recently jumped to Arrowpoint will manage the $2.1 billion Meridian Growth Fund. The two emigres are Brian Schaub and Chad Meade. Christopher Dunne, managing director at Arrowpoint, said the acquisition and the hires were timed "fortunately," allowing for a quick transition of the funds to Schaub and Meade as well as the legacy team at Aster. Dunne said that the moves are also important for Arrowpoint's three big themes for this year: finding talented human capital; promoting their passion for fundamental research, and developing products based on a "good understanding of their clients." "For the past five years, we've been developing absolute return strategies in private partnership and hedge fund vehicles, but for us hedge and private partnership are just examples of nomenclature. We want to develop and promote strategies in any vehicle appropriate for our clients," he said. Once the Aster acquisition closes in third quarter, Dunne said Arrowpoint will have initiatives in place for rolling out the three Meridian to both the retail and the institutional space. Printed from: MFWire.com/story.asp?s=44119 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |