Report names fastest growing active fund manager in 2012

For the second year in a row, DoubleLine Capital was the fastest growing manager of actively managed stock and bond funds, according to a new report.

Strategic Insight, New York, published this finding in a new survey of actively and passive managed stock and bond funds and exchange-traded funds.

The report pegs DoubleLine Capital’s flow rate in 2012 at 129 percent, 46 percentage points greater than the flow rate of its nearest competitor, Brown Brothers Harriman, which enjoyed a flow rate of 83 percent.

DoubleLine Capital’s assets totaled $41.7 billion at year-end 2012, up from $17.2 billion in 2011. The company’s flows totaled $22.3 billion.

Brown Brothers Harriman ended 2012 with $7.5 billion in assets, up from $3.8 billion in 2011. The company’s flows totaled $3.2 billion.

In the third place in the Strategic Insight survey was Stone Harbor, which enjoyed a flows rate in 2012 of 53%. The company’s assets in 2012 and 2011 stood at $5 billion and $3 billion respectively, while flows for 2012 totaled $1.6 billion.

Turning to passively managed stock and bond funds and ETFs, the report reveals that ALPS Advisors Inc. was the fastest growth manager of these funds, recording a flow rate in 2012 of 109 percent. Assets for the company hit $5.8 billion and $2.7 billion, respectively, for 2012 and 2011, while the firm’s flows in 2012 reached $2.9 billion.

In second place among the passive fund managers is Wisdom Tree Asset, which enjoyed a flow rate of 46 percent. Assets in 2012 and 2011 came to $15.4 billion and $9.4 billion, respectively, while flows in 2012 hit $4.3 billion.

Guggenheim Fund Advisors nabbed third place in the survey with a 42 percent flow rate. Assets reached $4.6 billion and $3 billion for 2012 and 2011, respectively, and flows reached $1.3 billion.

The survey adds that assets managed by exchanged-traded funds eclipsed $2.5 trillion and net flows exceeded $250 billion in 2012. Fund manager Vanguard captured about half of these annual flows.

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