MutualFundWire.com: 11. Hugh Kelly

MutualFundWire.com

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Wednesday, November 25, 2009

11. Hugh Kelly

Hugh Kelly
President, Harbor Funds Distributors

While other fund firms saw assets plummet last year, Harbor Capital Advisors gained north of $6 billion in net assets. Currently, the Chicago firm has AUM of $42 billion across its lineup of 28 no-load, sub-advised funds. The asset growth amid choppy markets further cements Hugh Kelly's reputation as one of the savviest distribution minds in the industry.

When he joined Harbor in the fall of 2002, Kelly rolled out a strategy that mainly focuses on distribution through the gatekeeper and research analyst. Kelly, who bagged Fund Action and Fund Directions' Fund Marketer of the Year Award in 2005, is also part of Harbor's investment committee that recommends potential sub-advisors to Harbor Funds' board of trustees.

Kelly was previously with CDC IXIS Asset Management, where he launched the distribution company that sold affiliated no-load mutual fund offerings, such as Oakmark and Loomis Sayles funds, via broker-dealers. In addition, he co-founded the intermediary services unit, which centralized marketing and distribution to the financial advisor, 401(k), broker-dealer and retail channels. Earlier, Kelly worked at Johnson & Johnson's McNeil Laboratories.

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