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Other People's Money with Max Wiethe
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 insights on navigating the changing investment landscape. He discusses how his mutual fund achieved over $1 billion in assets under management in just five years amidst the prevalence of ETFs. Crittenden highlights the importance of an all-weather investment approach and diversification strategies for weathering market volatility. He emphasizes the value of global equity exposure and educating clients about alternative investments, challenging common biases in the industry.
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Quick takeaways
- Standpoint Asset Management has successfully raised over $1 billion in AUM by utilizing a unique all-weather investment strategy focused on diversification.
- Despite the dominance of ETFs and alternative investments, mutual funds remain resilient, managing over $20 trillion in assets and attracting ongoing interest from new firms.
Deep dives
The Resurgence of Mutual Funds
Despite the surge of hedge funds and ETFs, the mutual fund industry remains robust, commanding over $20 trillion in assets under management (AUM). Noteworthy firms like AQR and PIMCO continue to attract significant AUM, while emerging players are exploring the mutual fund structure. This ongoing interest underscores the stability and potential of mutual funds amidst a market increasingly dominated by alternative investment vehicles. Smaller managers face unique challenges in accessing distribution channels, yet innovative strategies can still achieve substantial AUM growth.
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