Dave Butler was appointed co-CEO at Dimensional Fund Advisors, replacing David Booth, the firm's founder, who will remain executive chairman, the company announced Wednesday.
The Newport Beach, Calif., firm's net assets were $1.15T on June 30, down 21% from Sept. 30, 2014, just days after the Bond King left after clashes with portfolio managers and senior management over investment results.
Manager who helped build the firm's fundamental fixed-income business, didn't manage Bill Gross.
Lack of data has been a flashpoint for a national debate over the amount of fees paid to private equity managers, given the risks and illiquidity.
Stability of funds in volatile markets remains a concern for investors and regulators.
Money managers DoubleLine Capital, Victory Capital Management, Virtus Investment Partners, Ridgeworth Investments and private equity firm Lovell Minnick Partners slated to place bids Friday.
Investors added $200 million in the second quarter, down from $1.1 billion in the prior period.
Executive to leave after helping liquidate three active stock strategies at the firm
Popularity of active strategies by pensions and endowments limiting use but more coming on board.
Paul Kim to build and develop the strategy but whether firm plans to launch exchange-traded funds remains to be seen.
