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, January 21, 2014 BPV Readies to Spring Forward It's going to be a busy Spring for some fund firms. For example, the Knoxville-based BPV, which has all sorts of plans for the coming months. The $157-million, which had been looking for a good managers last summer, has hired a new subadvisor, the Philly-based AJO, with whom they plan to launch a fund in the second quarter. Meanwhile, in the next 30-days or so, BPV plans to launch another fund, with affiliate asset manager Quintium Advisors. Moreover, BPV plans to announce yet another subadvisor arrangement in the coming month as well, which will lead to a third fund launch this year. "We have been making nice progress in terms of recruiting subadvisors as well as bringing products to the marketplace," chief executive Mike West told MFWire. In the past nine months, the firm has also signed selling agreements with UBS, LPL, and TD Ameritrade. In addition, BPV, which has operated in '40 Act Country for the past 28-months, also plans to hire between six to nine sales and distribution folk this year, West said. The breakdown will likely be around four externals and five internals, the latter of which, he said, is treated more as a service rather than a sales function. Finally, West declared that the firm is continuously looking for new asset management talent to hire for subadvising. He says that his firm's research and development department has completed due diligence with five firms and communicated with another ten. "We are always looking for new talent. Absolutely. If there is a firm which is best in class offering risk mitigation to the general public, where it had been previously available only to high net worth clients, we'd love to speak with them," West said. Some farmers just harvest faster than others, it seems. Printed from: MFWire.com/story.asp?s=47372 Copyright 2014, InvestmentWires, Inc. All Rights Reserved |