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, June 10, 2010 Morningstar Sees a 'More Shareholder-Focused' TCW Half a year after the departure of Jeff Gundlach and the Metropolitan West Asset Management acquisition, how is TCW holding up? Fundsters interested in pondering that question may want to take a look at the Morningstar Fund Spy column yesterday. Sonya Morris paints a picture of TCW's culture, which she describes as "a healthier place without Gundlach," a place that is "becoming more shareholder-focused than it was before." Morningstar offers an overview of the Gundlach-TCW saga to-date and notes positive cultural influences from MetWest (in terms of increased team interaction and shareholder communication, as well as decreased fees). "The MetWest team has brought a spirit of cooperation and collegiality to the firm, and it has also brought a long record of shareholder-friendly behavior that will hopefully bleed over to the rest of TCW," Morris concludes. "The recent changes hold promise and suggest that TCW's culture is heading in a healthier and more positive direction." Printed from: MFWire.com/story.asp?s=32466 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |