The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:An $8.5B Subadvisor Launches Its First Fund Not Rated 4.0 Email Routing List Email & Route  Print Print
Thursday, July 23, 2015

An $8.5B Subadvisor Launches Its First Fund

Reported by Neil Anderson, Managing Editor

A longtime mutual fund subadvisor that specializes in high yield fixed income and loan strategies is diving more directly into the mutual fund space. Yet don't expect them to roll out a massive lineup of funds just yet.

John F. "Jack" O'Connor
DDJ Capital
Senior Vice President, Head of Business Development
On Thursday Waltham, Massachusetts-based DDJ Capital launched its first mutual fund, the DDJ Opportunistic High Yield Fund, with back-office support from DST's ALPS. In addition to its core institutional distribution through consultants, the DDJ team is also targeting the high net worth and ultra high net worth space, through RIAs.

"We do think there is a real opportunity for us with the registered investment advisors," Jack O'Connor, senior vice president and head of business development and client service at DDJ, tells MFWire. "We are beginning the process, in collaboration with ALPs, of calling on the platforms."

He's already added two internal client associates to support DDJ's existing distribution team.

"We actually preemptively hired a couple of people to the team," O'Connor says.

"We're still intently focused on the institutional space," O'Connor adds. "This doesn't change our strategy."

The decision to launch a mutual fund, O'Connor says, was inspired by the institutional consulting world that DDJ already knows well. Consultants, he says, "want to be able to offer the strategy across all types of clients," and to do that they want the strategy in all different types of vehicles: separate accounts, commingled vehicles, and traditional mutual funds.

O'Connor says that DDJ has one other strategy, a bank loan one that's relatively new, that the team might consider making a mutual fund version of.

DDJ dates back to 1996 and now has more than $8.5 billion in assets under management. As of June 30, O'Connor says, 32 percent of that AUM was subadvised for mutual funds. They subadvise for Danske (Denmark's largest bank), Northern Trust, Principal, and Russell. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use