The National Association of Active Investment Managers Inc. has launched an index of actively managed mutual funds that performed well during last year’s market downturn. The Littleton, Colo.-based trade association — which represents some 200 registered investment advisers, including some who offer mutual funds — created the index out of funds offered by its members. The Actively Managed Fund Index comprises 21 funds that outperformed the Standard & Poor’s 500 stock index by at least 15% in 2008 and 16% over the two-year period ended Dec. 31. The top three performers in the NAAIM AMF Index are TFS Market Neutral (TFSMX), offered by TFS Capital LLC of Richmond, Va. and Direxion Spectrum Select Alternative (SFHYX) and Direxion PSI Total Return (DXTRX), both offered by Direxion Funds of Boston. The funds also outperformed nearly 20,000 actively managed mutual funds, excluding money market and bond funds, tracked by the Chicago-based research firm Morningstar Inc. by more than 15%, the NAAIM reported. The association will update the index performance monthly on its website, naaim.org. The association’s member firms represent an estimated $17 billion in assets under management.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
