Fund Companies With Perfect Marks for Manager Retention
It's just like "The Firm," only without the evil or Tom Cruise.
The article was published in the August 2016 issue of Morningstar FundInvestor. Download a complimentary copy of FundInvestor by visiting the website.
We calculate a manager retention rate for fund companies. The idea is to track how many managers a firm has lost and how many it has retained. A new manager doesn’t count against the number, only those who formerly ran funds but now don’t. We look at the past five years and compute a percentage based on the annual retention rate.
Russel Kinnel has a position in the following securities mentioned above: PTTRX. Find out about Morningstar’s editorial policies.