MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, December 9, 2014 Lovelace Speaks As the Capital Group [profile] team works on their comeback and makes the case for active management, their scion is speaking up. Steve Johnson of the Financial Times interviewed Capital Research and Management president Rob Lovelace, grandson of the Los Angeles-mutual fund titan's founder. The resulting long article digs into Capital Group's investing philosophy and its woes in recent years, with a particular focus on Capital Group's overseas efforts. (This is the FT, not the WSJ.) "We had a low profile for a long time because of how we manage money; the complexity of what we do. It is not an easy story to tell and we wanted to let the results speak for themselves," Lovelace tells the FT. "But our voice was no longer being heard out there. We did not have a voice." The article also a little background on Lovelace himself. He joined Capital 28 years ago as an analyst on what the FT claims was the first ever dedicated emerging markets fund in the world. Printed from: MFWire.com/story.asp?s=50326 Copyright 2014, InvestmentWires, Inc. All Rights Reserved |