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 |
|
Monday, December 9, 2013 In Praise of Subadvisors Fundsters with subadvised funds, prepare to field more questions this week from investors (and possibly even from advisors). In the Saturday edition of Barron's, Sarah Max highlights the subadvised side of the mutual fund business, about 13 percent of the total mutual fund world by assets. The article amounts to a defense of a practice that few investors know about or understand. Barron's highlights several prominent subadvisory relationships: Pimco's [profile] Bill Gross PMs the Harbor Bond Fund [profile]; Rob Arnott and his Research Affiliates PM $65 billion of Pimco assets; RiverPark Advisors [profile] CEO Morty Schaja uses subadvisors for four of his seven funds; GMO Benchmark-Free Allocation Fund III [profile] PM Ben Inker also runs the Wells Fargo Advantage Absolute Return Fund [profile]. Several industry insiders and researchers weigh in, including: Cerulli analyst Daniel Roberts; RiverPark's Schaja; and Lipper Americas Research chief Jeff Tjornehoj. Printed from: MFWire.com/story.asp?s=46950 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |