MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, July 5, 2006 Ohio Fund Group Heading for the Big City By relocating its headquarters to Chicago, an Ohio-based fund firm plans to take advantage of richer human resources and industry services. Harbor Capital Advisors, purchased by Dutch firm Robeco Groep from Owens-Illinois in 2001, announced plans to move 70 of 80 jobs out of its downtown Toledo base next year, the Toledo Blade has reported. The fourteen no-load Harbor Funds have approximately $33 billion in assets. Spokesperson John Hoff said the move reflects a trend towards specialization in the fund industry, in comments that suggested new hires on the horizon. "They felt they needed to be in a location where they have access to employees and services that have specific knowledge, specific experience in the mutual fund industry," he said. Printed from: MFWire.com/story.asp?s=12134 Copyright 2006, InvestmentWires, Inc. All Rights Reserved |