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January 18, 2012 at 09:21 AM
Quite a few of the top 25 fastest growing fund managers for last year came from boutique firms, according to Strategic Insight’s Simfund database. SI examined net inflows through November 2011 as a percentage of assets and ranked the managers based on their increase over December 2010′s amount.
Taking in some $79 billion in net inflows during the first 11 months of 2011, these top 25 included a variety of specialized/boutique organizations and industry innovators. According to Avi Nachmany, director of research at Strategic Insight, “… small and mid-size fund managers look to be a significant source of growth going forward, especially as the mutual fund industry continues to be a center of product innovation.”
Numbers 25-21
CEO Mike Frazier of Richmond, Va.-based Genworth, which is ranked No. 23 with growth of 25%. (Photo: AP)
Numbers 20-16
Robert Rodriguez of First Pacific Advisors, which grew 29% and was ranked No. 18.
Numbers 15-11
The Zurich headquarters of Credit Suisse, ranked No. 14 with 33% growth. (Photo: AP)
