Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Mansueto Sees Opportunities Still Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, May 27, 2010

Mansueto Sees Opportunities Still

News summary by MFWire's editors

The fund industry has made Joe Mansueto a billionaire. Yet you could pass him on a Chicago street and never know it, Don Phillips confides to Bloomberg Businessweek reporter Ben Steverman in a profile of the Morningstar founder and CEO [Read the Bloomberg Businessweek article] .

Steverman reports that Mansueto still sees growth opportunities for the fund tracker and investment research firm. One note not struck in the article is that those opportunities expand beyond mutual funds to new markets and could lead to a transformation of the quickly growing firm and how it relates to the fund industry.

The biggest area for growth may be overseas. Mansueto points out that the U.S. only makes up about half of the financial markets, yet Morningstar earns more than 70 percent of its revenue here.

"Over time, our revenue mix should approximate that percentage," Mansueto tells the news service, adding that: "A lot of the capabilities and analytics we've created in the United States can really be applied to investors around the world," Mansueto says.

That thinking has also driven many of the recent deals made by Mansueto to build out Morningstar's capabilities. The firm has made six deals, including pickups in Australia, the United Kingdom, and France.

A second ambition for Mansueto is to go head-to-head with Moody's, S&P and Fitch by jumping into the securities rating business.

"To me, it's a natural evolution of our business," Mansueto says. At just 53 years old, Mansueto has time to see the vision through.

"He stays very focused on long-term goals," Don Phillips, the president of Morningstar Fund Research, tells the news service. 

Edited by: Sean Hanna, Editor in Chief


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2025: Q3Q2Q1
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF webinar - Use of Derivatives by RICs, July 29
  2. MMI webinar - Active ETFs: How to Achieve Escape Velocity In a Crowded Market, July 29
  3. IMEA webinar - Catch the AI Wave: A Practical Guide to Moving From Experimentation to Impact, August 4
  4. MFDF Director Discussion Series - Open Forum (Columbus, Ohio), August 20
  5. Samfund Soiree Boston 2025, August 21
  6. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
  7. ICI ETF Conference, Sep 8-10
  8. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  9. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  10. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  11. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  12. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  13. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  14. IMEA Portfolio Construction Roundtable, September 24
  15. Expect Miracles Atlantic Coast Classic 2025, September 29
  16. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29
  17. MFDF webinar - Diligent - Tools for Fund Board Book, October 1
  18. 10th annual Fuse Forum, October 8
  19. MFDF webinar - Essential Strategies in Board Oversight of Operational Risk Management, October 14
  20. 2025 MMI Annual Conference, Oct 15-17
  21. MFDF webinar - Series Trust Funds - Effective Board Relationships with Advisers, October 15
  22. MFDF In Focus webinar - Audit Committee Chair, November 5
  23. 2025 Nicsa Asset & Wealth Management Summit, Nov 11-12
  24. MFDF webinar - Mutual Fund CCO Compensations: The MPI Annual Survey Update, November 13
  25. MFDF 2026 Directors' Institute, January 26 - 28, 2026
  26. MFDF 2026 Fund Governance & Regulatory Insights Conference, March 5 - 6, 2026




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use