Strategic Insight, an Asset International company, looked at active fund managers (among those that started 2009 with $1 billion+ in assets) that saw large growth in terms of 2009 net inflows as a percentage of total assets at the start of 2009 (organic growth), and found 15 firms that had organic growth of 50% or more in 2009.
The top five included Van Eck (119% organic growth), Manning & Napier Advisors (91%), Matthews Asian Funds (83%), Robert W Baird & Co (72%), and Hussman Econometrics (68%).
“The large number of smaller fund firms on this list attest to the strength of boutiques, whose focus and strong sense of conviction for their strategies/philosophies often prove attractive to investors in times of uncertainty,” said Avi Nachmany, director of research at Strategic Insight, in a press release.
Completing the list of the top 15 are:
- Saturna Capital – 67%;
- Credit Suisse – 66%;
- Bessemer Trust – 65%;
- Lazard Asset Management – 65%;
- Sentinel Asset Management – 63%;
- Westchester Capital – 61%;
- TCW Management – 57%;
- Northern Trust – 54%;
- Kornitzer Capital Management – 51%; and
- JPMorgan Funds – 51%.
SI also noted the most popular actively managed mutual funds of 2009 displayed a wide range of investment styles. PIMCO Commodity Real Return topped the list of domestic equity funds with 6.7 billion in inflows; PIMCO Total Return led taxable bond funds with $49.7 billion; Ivy Asset Strategy saw the biggest inflows of international equity funds ($6.5 billion); and Wells Fargo Advisors Ultra Short Muni topped the list of tax-free bond funds with $6 billion in inflows.
More information is at http://www.sionline.com.
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