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, April 13, 2017 One Year Into a $6.5B Empire State Shop's Mutual Fund Journey After a little over a year in the mutual funds space, Miller/Howard Investments’ two funds have more than $90 million combined.
The funds are distributed by the firm’s 15-member sales team, which targets wirehouses, RIAs, family offices, and regional broker networks. Foreside Funds serves as the distributor. The Drill Bit to Burner Tip Fund was introduced as a fund because of demand from clients; says it mimics the boutique’s separately managed accounts version of the strategy started in 2011. Miller and Michael Roomberg are the lead PMs for the fund. “A lot of our existing clients were asking for this because they can’t allocate our strategy to some of their smaller accounts,” Miller/Howard Sales Director Steve Chun tells MFWire. “This way it’ll plug us into their investment solution set, even for smaller accounts.” The fund’s strategy is to invest along all the phases of the North American energy value chain, from exploration and production companies to energy consumers like utility companies. So, when commodity prices fluctuate, the fund can change allocations to invest more in whichever stage is benefitting, Chun explains. Printed from: MFWire.com/story.asp?s=56056 Copyright 2017, InvestmentWires, Inc. All Rights Reserved |
