For Subscribers

Mystery Manager

Who's minding your money?

By Dian Vujovich

Opinions expressed by Entrepreneur contributors are their own.

In this day of disclosure, why is it sometimes difficult to get the scoop on who's man-aging your fund? Simply put: because of the myriad management options employed by fund families.

When deciding who will manage one of their portfolios, fund families choose from a number of scenarios. According to Don Cassidy, senior research analyst at Lipper, these include using an advisor, typically within the fund family, to manage the fund; employing co-advisors, where two or more companies are paid to man-age different parts of the fund; using subadvisors, where the advisor pays a subcontractor to manage the fund; and using multiple subadvisors, where portfolio managers of various funds within a larger fund each manage their own assets.

Continue reading this article — and all of our other premium content with Entrepreneur+

For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:

  • Digestible insight on how to be a better entrepreneur and leader
  • Lessons for starting and growing a business from our expert network of CEOs and founders
  • Meaningful content to help you make sharper decisions
  • Business and life hacks to help you stay ahead of the curve

Related Topics

Editor's Pick

Everyone Wants to Get Close to Their Favorite Artist. Here's the Technology Making It a Reality — But Better.
The Highest-Paid, Highest-Profile People in Every Field Know This Communication Strategy
After Early Rejection From Publishers, This Author Self-Published Her Book and Sold More Than 500,000 Copies. Here's How She Did It.
Having Trouble Speaking Up in Meetings? Try This Strategy.
He Names Brands for Amazon, Meta and Forever 21, and Says This Is the Big Blank Space in the Naming Game
Business News

Mark Cuban's Grocery Store Hack Will Help You Score Cheaper Produce

The billionaire talked about his early days in Dallas when he was strapped for cash.

Real Estate

How to Cut Costs by Self-Managing Your Rental Properties

Learn how to limit expenses by self-managing your rental properties with five tips, using listing syndication, property management software and online rent collection.

Science & Technology

How to Enhance Business Automation and Unlock New Levels of Operational Efficiency

Explore the vast potential of combining AI and technology solutions to enhance business automation and boost efficiency.

Business News

These Are the Most and Least Affordable Places to Retire in The U.S.

The Northeast and West Coast are the least affordable, while areas in the Mountain State region tend to be ideal for retirees on a budget.

Business News

'This Conduct Is Wrong And Criminal': Amazon Consultant Will Plead Guilty To Bribing Amazon Employees

U.S. prosecutors charged six people for a scheme that involved bribes to Amazon employees for reinstating the accounts of sellers who were removed from Amazon.