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, April 26, 2016 Mutual Funds Aren't Off the Table For This Managed Account Specialist The hunt is on for a new chief investment officer at an $18-billion managed account specialist. Meanwhile, though the shop recently shut down a line of mutual funds, its chief remains open to returning to that business in the future.
"We're open-ended on the time-frame," Beaman says. "We have a very deep bench. We want to find the right cultural fit." "We will be bringing in additional talent during this process as well," Beaman adds, declining to reveal specific. "We're going to be looking for talent in different areas ... We are making investments in our business." Meanwhile, last month shut down three liquid alternative mutual funds, the Crystal Strategy Fund, which it had launched two years ago. Brinker focuses on the managed account business and uses mutual funds inside its portfolios, Beaman says, yet she doesn't preclude the possibility of trying their hands at creating their own mutual funds again sometime. "It's not putting us off having a '40 Act fund," Beaman says. "We would stay open to creating the best vehicles to create the best services. If we can't find a vehicle that delivers an investment solution, we may re-wrap it in a '40 Act Fund." "The most important part is what's the right vehicle to deliver the source," Beaman adds. She stresses that Brinker is very committed "to the wealth advisory space." "We're looking to bring best-in-class investing products to our clients," Beaman says. Printed from: MFWire.com/story.asp?s=53827 Copyright 2016, InvestmentWires, Inc. All Rights Reserved |
