MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, April 11, 2018 Resolute's New Prez Shares Hiring Plans The new president of both American Beacon [profile] and its parent is expanding his team. Jeff Ringdahl, chief operating officer and now president of Irving, Texas-based Resolute Investment Manager, tells MFWire that Resolute now has about 125 employees when you include the teams at its majority-owned affiliates: American Beacon, Alpha Quant Advisors, and Shapiro Capital Management. (That headcount doesn't include the team at ARK Investment Management, an active ETF shop that Resolute owns a minority stake in.) "We're hiring both in terms of sales and also the support departments," Ringdahl says. Beyond Resolute's sales desk, Ringdahl is also hiring on the non-sales sides of the business. "We have five to six [new positions] budgeted for the year and a couple of open positions at the moment," Ringdahl says. Meanwhile, Resolute had a "really strong" first quarter in terms of net flows, Ringdahl says. The firm and its majority-owned affiliates brought in $495 million in net inflows (including collective funds) year-to-date as of late March, and ARK brought in another $630 million. "We're having a great year," Ringdahl says. Printed from: MFWire.com/story.asp?s=57879 Copyright 2018, InvestmentWires, Inc. All Rights Reserved |