The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Columbia Takes Over Its Own Four-Star Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, September 30, 2015

Columbia Takes Over Its Own Four-Star Fund

by: Neil Anderson, Managing Editor

Columbia Threadneedle is about to drop the subadvisor to a $70.5-million, four-star mutual fund.

Tom Marsico
Marsico Capital Management, LLC
Founder, Chief Executive Officer, Chief Investment Officer
Columbia [profile] filed to remove Marsico Capital Management [profile] as the subadvisor to the Columbia Marsico Global Fund, effective November 30. Columbia will rebrand the fund as the Columbia Select Global Growth Fund.

MFWire could not immediately reach a spokesperson for Marsico for comment.

Tom Marsico himself — CEO, chief investment officer, and founder of his eponymous shop — has PMed the fund since inception, and he's PMed it solo for a little more than a year. Columbia's own Thomas Galvin, senior PM and head of focused large cap growth, will take over as lead PM of the fund, while senior PMs Richard Carter and Todd Herget will become co-PMs.

"Tom Galvin and his team have a proven concentrated investment approach that we are pleased to provide investors in a global equity portfolio," Columbia spokesman Carlos Melville tells MFWire in an emailed statement.

Indeed, Galvin, Carter, and Herget already PM the $6.8-billion, four-star, bronze-rated Columbia Select Large Cap Growth Fund, and the to-be-transformed fund looks like it will become a global version of that giant.

Columbia has at least four other mutual funds co-branded with, and subadvised by, Marsico: the $883.6-million, one-star Columbia Marsico 21st Century Fund; the $165.1-million, one-star Columbia Marsico Flexible Capital Fund; the $929.8-million, three-star, neutral-rated Columbia Marsico Focused Equities Fund; and the $1.4-billion, two-star, neutral-rated Columbia Marsico Growth Fund.

The five Marsico-subadvised Columbia funds have a combined $3.449 billion in AUM. That works out to 28 percent of Marsico's $12.31 billion in total AUM (as of August 31) and about 2.1 percent of Columbia's $166.476 billion in non-money-market mutual fund AUM (as of July 31). 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. The 32nd Sub-Advised Funds Forum, Sep 20-21
  2. Crane's Money Fund Symposium, Sep 21-23
  3. Expect Miracles Foundation's 4th Annual Atlantic Coast Classic, September 21
  4. ICI 2021 Virtual Tax and Accounting Conference - Day 1, September 21
  5. MFDF webinar - the Nuts and Bolts of SPACs, September 22
  6. Morningstar Investment Conference, Sep 22-24
  7. Nicsa webinar - Listen, Learn & Lead | Utilizing Beneficial Partnerships, September 22
  8. MFDF Director Discussion Series - Open Forum via Zoom, September 23
  9. MMI Distribution Leadership Forum - Day 2, September 24
  10. Citywire Greenwich Harbor Retreat 2021, Sep 27-28
  11. Inside ETFs, Sep 27-29
  12. MFDF webinar - MPI's 2021 Mid-Year Survey of Investment Firm Profitability, September 28
  13. ICI 2021 Virtual Tax and Accounting Conference - Day 2, September 28
  14. IMEA In-Person Leadership Summit, September 29
  15. ALFI Digi Pulse USA, September 30
  16. ICI 2021 Virtual Tax and Accounting Conference - Day 3, October 5
  17. Nicsa 2021 General Membership Meeting, Oct 6-8
  18. MFDF webinar - BDCs 101: The Board Perspective, October 13
  19. MFDF Director Discussion Series - Open Forum (New York), October 14
  20. Fund Intelligence Mutual Fund Industry and ETF Awards, October 14
  21. 2021 Nicsa GMM - Digital Innovation Summit, October 19
  22. 2021 MMI Annual Conference, Oct 20-28
  23. Tiburon CEO Summit XLI, Nov 1-3
  24. MFDF webinar - ISO Crypto Exposure: What Boards Need to Know, November 9
  25. MFDF Director Discussion Series - Open Forum via Zoom, November 18
  26. MFDF webinar - Fund Industry Claims Trends: An Insurer's Perspective, December 2

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use