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Friday, November 29, 2019|
Meet Alps Advisors' New Chief
Fundsters keeping an eye on Alps Advisors may want to read the Denver Business Journal's profile of president Laton Spahr. Spahr took over the Denver-based SS&C subsidiary earlier this month, reporting to Mike Sleightholme, senior vice president and general manager of SS&C's DST arm.
The local paper's profile this week offers various tidbits about Spahr and his life, highlighting his early days as an analyst (he shied away from recommending semiconductor stocks at the top of the dotcom bubble, despite it being his sector), his post-OpFunds career worries (he considered becoming a delivery franchise owner with Amazon), and more. Spahr shares a lesson offered by his first boss.
"At my first job, I was talking to my boss, and I was like, 'You know, you could pay me a third of what you're paying me and I'd still do this," Spahr tells the Denver Business Journal. "And he said, 'Never, ever say that again.'"
Spahr also shares his vision for Alps Advisors, a mutual fund and ETF shop with more than $16.9 billion in AUM (as of September 30) that hires boutiques as subadvisors.
"We offer this infrastructure that allows these small firms that are getting swallowed up or broken apart by the consolidation of the trillion-dollar-plus asset managers to still take their craft to market in a low-cost way," Spahr tells the paper.
Printed from: MFWire.com/story.asp?s=60579
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