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Monetary Matters with Jack Farley
The Last Mutual Fund Manager Standing | How Eric Crittenden Defied the ETF Boom to Build a $1B Fund
Jan 7, 2025
Eric Crittenden, CIO and Founder of Stand Point Asset Management, shares his journey of defying the ETF boom to build a $1 billion mutual fund in under five years. He discusses innovative all-weather investing strategies and the crucial role of diversification. Crittenden also contrasts mutual funds with hedge funds, emphasizing management simplicity over complexity. He sheds light on client acquisition strategies, particularly focusing on independent financial advisors, and underscores the evolving landscape of investment choices in today's market.
57:28
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Quick takeaways
- Despite the rise of ETFs and private funds, the mutual fund industry remains strong, managing over $20 trillion in assets.
- Standpoint Asset Management's unique 'all-weather' strategy combines equities, fixed income, and commodities to offer resilience in volatile markets.
Deep dives
Current Landscape of Mutual Funds
The mutual fund industry remains robust, with over $20 trillion in assets under management, even as other investment vehicles like ETFs and private funds gain popularity. Major firms such as AQR and PIMCO continue to launch new mutual funds, while smaller managers also find success in raising substantial AUM. However, the competitive landscape has changed, with many advisors questioning the viability of mutual funds over ETFs. Despite these challenges, mutual funds maintain a significant market share, particularly for investors seeking long-term wealth growth.
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