Monetary Matters with Jack Farley The Last Mutual Fund Manager Standing | How Eric Crittenden Defied the ETF Boom to Build a $1B Fund
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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.
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Mutual Funds Still Relevant
- Mutual funds, despite less hype, still manage over $20 trillion and are growing.
- Smaller fund managers face distribution challenges compared to established brands.
Layering Equity Exposure
- Eric Crittenden's Standpoint fund uniquely layers equity exposure within its core strategy.
- Many fund managers suggest adding their fund on top of existing allocations.
Challenges of Diversification
- Holding onto diversifying assets during periods of underperformance is challenging for advisors.
- Crittenden's experience with dedicated strategies revealed client difficulties in maintaining diversification.