At some point in time, at some level of assets, every manager acknowledged he no longer would be able to execute his best investment ideas.
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It is reprehensible that under current law brokerage clients are permitted access to the disciplinary histories of their stockbrokers, but mutual fund investors who have entrusted their assets to a manager, are denied access to comparable information regarding their portfolio manager.
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They are not assets of the fund manager, nor of the custodian.
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Kessler is a sophisticated investment manager who handles assets on behalf of Goldman Sachs with cumulative portfolio returns of 25.1% unaudited since inception in 2006, a lot better than any stock index.
BlackRock fell after the world's largest money manager posted earnings and assets under management that were largely unchanged from a year earlier.
The consultant keeps the kick-backs paid by the manager for allowing the manager to handle pension assets but the fund is taking all the risk.
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It might be that the manager is buying illiquid assets.
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The fiduciaries of virtually all 401(k)s sponsored by money management firms have coincidentally concluded that hiring the employer-asset manager to manage plan assets, as opposed to any of the thousands of other registered investment advisers with competitive performances, is in the best interests of these plans.
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If you favor the former, you search for a money manager with a superior record, then typically pay 1% or more of assets annually to be in a fund run by that manager.
The compensation the asset manager receives for managing IRA assets should be comparable to the compensation for managing assets of similar balances for all the managers other customers.
The general rule under the federal and state securities laws is that a fiduciary, the money manager, cannot use client assets for his own benefit or the benefit of other clients.
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Once in an FLP or LLC, the assets fall under the control of a manager, who decides the size and timing of distributions, says Scott Winget, a senior director of planning at Wells Fargo Family Wealth.
This public pension fund is exceptional both in having zero turnover of investment advisors, using a single money manager to oversee 100% of its assets for the past 40 years, and in changing auditors every couple of years.
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This occurs when assets under management (AUM) exceed the amount a manager can effectively deploy.
The investment manager wants to further shift positions from European assets to emerging markets such as China.
Fidelity, the second-largest mutual-fund manager in the U.S. by assets, trumpeted the iShares agreement as a way for clients to gain access to more ETFs for less money.
Many, like Mr Wong, don't see why they should pay a manager high fees (usually 2% of assets and 20% of profits) when they have been handling their own money pretty successfully.
For investors, there can be concern that an investment manager is making overly optimistic assumption about illiquid assets in order to boost management fees that are calculated as a percentage of assets under management.
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If you work with a financial planner or wealth manager who charges a fee to manage your assets, consider tapping him or her to guide your children on investing their retirement account as well, he says.
In my decades of professional experience, I have never seen a public pension fund with investment guidelines that would permit it to invest more than a limited amount of its assets, say 10%, with a single money manager.
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Joel Smolen, hedge fund manager at Axion Capital in San Rafael, says hard assets like gold, silver and equities of mining and metals companies in countries like Australia and Brazil are the places to be following the U.S. credit downgrade.
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While active investment involves an asset manager making investments with the aim of outperforming a benchmark index, passive investment requires an asset manager to replicate the benchmark index by incorporating the constituent assets in similar proportions (weights) and thereby matching the returns of the index.
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Longtime portfolio manager Richard Fentin focuses on stocks that appear undervalued relative to assets, earnings or growth potential.
"We have a fantastic set of brands and assets, " asserts Thomas Park, the Sydney-based executive general manager of Southcorp Wines.
The beneficiaries will eventually inherit the responsibility of hiring their own office manager and need to understand the discipline of investing and stewardship of assets.
In October the SEC sued Southridge Capital Management and its manager, Hicks, accusing them of committing fraud in valuing portfolio assets, making misrepresentations to investors and misusing investor assets.
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Further, the shift into alternative assets on the part of many institutions has added significant asset class, strategy and manager complexity to institutional portfolios.
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These are funds as to which the manager gets paid a hefty 20% of the profits for managing the assets in a non-traditional manner, i.e.
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"We are excited to join the Townsquare Media Group team and leverage Townsquare Media Group's resources and assets to benefit our publishers and advertising partners, " commented MOG Music Network General Manager Rick Vorhaus.
"There are few other opportunities for that level of yield in a quarterly dividend where the underlying assets are secured, and the duration is three months, " says Neuberger Berman fund manager, Joseph Lynch.
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