MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, December 7, 2012 Schwab Searches for a Fund Performance Expert Now that Schwab is devoting more attention to '40 Act products, it needs someone to make sure those products deliver. Charles Schwab Investment Management [profile] is looking for a managing director for performance reporting and research. CSIM is the asset management affiliate of the Charles Schwab Corporation that manages $201.5 billion in assets for its clients, according to the job posting. This arm manages assets comprised mainly of 1940 Act mutual funds with a concentration in taxable and tax free money funds. It also manages active and index fixed income and equity strategies as well as fund of funds, sub-advised funds, separately managed accounts and an offshore money fund. The business consists of approximately 160 people, according to the posting. According to the posting, the executive will be expected "to provide leadership in ensuring the performance results of the funds are reported accurately and with significant oversight." The position is in Denver. The opening makes sense, given Schwab's growing interest in funds. President Walt Bettinger fired a shot in the ETF fee wars in September by announcing fee cuts on seven funds. Meanwhile, vice president of product development John Sturiale said in November that low fees were just one small bit of the company's evolving ETF strategy. Schwab also searched for an ETF senior product manager in November as well. Printed from: MFWire.com/story.asp?s=42296 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |