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

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

Rating:Streur Transforms Distro While Slimming Calvert Down Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, June 24, 2016

Streur Transforms Distro While Slimming Calvert Down

Reported by Neil Anderson, Managing Editor

John Streur is shaking up how Calvert Investments [profile] handles distribution, even as the overall company slims down.

"We recently adopted a new client service model intended to provide financial professionals and clients more direct access to our platform, research, and intellectual capital," Streur, CEO of the Bethesda, Maryland-based SRI mutual fund shop, tells MFWire. "Our distribution strategy focuses on client relations, engagement and business development."

Streur has shifted Calvert away from a traditional distribution model (driven by external wholesalers in the field) to one that includes a national client service and business development team support advisors. Yet Calvert also continues to have a field wholesaling force specifically focused on the West Coast.

Streur took over as CEO at the beginning of 2015. The distribution evolution comes amidst his broader, three-part strategy for transforming the company: "strengthening Calvert's commitment to internal investment capabilities and ... research system"; "lowering mutual fund expense ratios"; and using intellectual capital to drive marketing, "to provide advisors and investors tools to better understand ESG investing."

And Streur has also dramatically reduced Calvert's headcount: Calvert has about 100 employees today, down from about 200 when Streur took over. Word is that about 30 sales and distribution people left as part of those cuts. The external field force now numbers nine in total, including three wholesalers dedicated to the West Coast.

Streur also outsourced a call center (to BFDS, transfer agent to Calvert's funds), some fund administration functions (to State Street, custodian and more to Calvert's funds), and an IT help desk. Meanwhile, he's been expanding Calvert's research staff and he's looking to fill some open client services and business development positions.

"To aid Calvert's broader evolution, we restructured the organization to strengthen Calvert's services to clients, lower mutual fund expense ratios and focus more on our commitment to leadership in responsible investing," Streur says. "We outsourced non-core functions and added several research analysts -- an area which we continue to grow."

Meanwhile, watch for Streur to extend Calvert's reach in a non-mutual-fund area: separately managed accounts. He says that the SMA space is "very exciting" and "presents new opportunities for Calvert."

"US SIF has found that over $6 trillion is invested in some form of ESG, with a vast majority in the SMA space -- and it's growing rapidly," Streur says. "Based on our team's research, we are also seeing demand in the SMA space and have the ability to create custom passive strategies for investors who want to integrate ESG factors."

Calvert, a subsidiary of the insurer Ameritas, has about $12.2 billion in AUM. 

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

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q1
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

  1. IDC Foundations for Fund Directors, Mar 1-2
  2. MFDF webinar - Board Oversight of ETFs, March 3
  3. FinReg Outlook 2021, March 10
  4. MFDF Director Discussion Series - Open Forum via Zoom (Midwest), March 10
  5. Irish Funds North American Digital Seminar, March 11
  6. MFDF webinar - Municipal and Taxable Fixed Income — A Multi-Speed Recovery, March 12
  7. 2021 Virtual Mutual Funds and Investment Management Conference, Mar 15-19
  8. SEC & DOL Standard of Conduct Rulemakings — Present & Future Considerations, March 23
  9. MFDF Director Discussion Series - Open Forum via Zoom, March 24
  10. ETFGI Global ETFs Insights Summit - ESG & Active ETF Trends, Mar 24-25
  11. MFDF webinar - Asset Management M&A for Fund Directors — Recent Trends and Governance Issues, March 31
  12. MFDF Director Discussion Series - Open Forum via Zoom, April 7
  13. MFDF In Focus: Board Oversight of Sub-advisers, April 15
  14. ETF.com Awards 2020, April 20
  15. The 31st Sub-Advised Funds Forum, Apr 20-21
  16. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  17. FIASI virtual event - ESG in Fixed Income: Shining a Light on Transparency, Apr 22-23
  18. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  19. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  20. ICI 2021 General Membership Meeting - Day 1, May 6
  21. ICI 2021 General Membership Meeting - Day 2, May 13
  22. 2021 FINRA Annual Conference, May 18-20
  23. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  24. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  25. Irish Funds Online Annual Global Funds Conference 2021, May 19-20
  26. MFDF webinar - Fund Director Compensation: MPI Annual Survey (2021), May 20

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use