Low-Cost Investment Manager Hires Portfolio Manager From Morgan Stanley
The firm is expanding its active-fund business to compete directly with established players. The hire comes as the manager builds out new offerings in a market long dominated by incumbents.
insider.co.ukA low-cost investment manager has nabbed a portfolio manager from Morgan Stanley as it builds out active funds to challenge incumbents like Pimco. The move marks a concerted push by the firm into actively managed strategies, a segment where it has not traditionally competed. Pimco is an incumbent active-fund manager that has long held a prominent position in the industry.
It is challenging incumbents like Pimco through this expansion.
Transparency
Reported by a single outlet. This score reflects source tier and factual specificity — corroboration is limited with one source.
Story details
Related Stories
thehindu.comU.S. Strikes Botswana-Flagged Tanker in International Waters; Iran Blockade in Effect
A U.S. aircraft fired an AGM-114 Hellfire missile into the engine room of the M/T Lexie on Tuesday, disabling the unladen vessel as it headed toward Kharg Island. The strike followed repeated ignored warnings over 24 hours.
news.sky.comFed Chairman Names Two Outside Advisers During Transition
Federal Reserve Chairman Kevin Warsh appointed two interim advisers shortly after taking the post. One previously contributed to a conservative plan calling for major changes at the central bank.
al-monitor.comU.S. Sanctions Four Iranian Crypto Exchanges, Including Nobitex
U.S. officials imposed sanctions on Iran's largest cryptocurrency exchange Nobitex and three unnamed additional platforms. The measures bar the exchanges from the U.S. financial system and prohibit American persons from dealing with them.