SPARX Asian Funds
is looking to expand its distribution and wholesaling team, Evan Gartenlaub
, senior vice president and legal counsel at SPARX, told The MFWire
at Schwab's IMPACT Conference in Las Vegas last week.
“We are interested in developing [deeper] relationships both with the major wirehouses and also defined contribution plan sponsors who want access to a broader selection of options in Asia as we expand our fund family," Gartenlaub said.
According to Gartenlaub, SPARX does not have a time frame for the recruitment of additional wholesalers. "We are waiting until we find the right people," he said.
SPARX focuses on the Asian markets and prides itself with have an insider approach to investing there. Gartenlaub said they are looking for the same thing in a new hire. "[A candidate] should have experience in the Asian markets," he said.
Currently SPARX has four funds: the SPARX Asia Pacific Opportunities Fund
, SPARX Asia-Pacific Equity Income Fund
, the SPARX Japan Smaller Companies Fund
, and the SPARX Japan Fund
. The SPARX Group currently manages $14 billion.
Stay ahead of the news ... Sign up for our email alerts now