At the Wealth Advisor Summit, Craig Callahan, founder and president of Icon Advisers, Inc. in Greenwood Village, Colorado, made a compelling case for releasing portfolio managers from the constraints of style boxes. In fact, he said that hiring a manager to manage to a style box could mean that investors do not get that manager’s best picks.
A panel including Ranji Nagaswami, vice chairman and CIO at AllianceBernstein; Bill Fries, managing director and portfolio manager at Thornburg Investment Management; and moderator Phil Edwards, managing director of Standard & Poor’s Investor Services, discussed whether style boxes are necessary.