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"All of a sudden all these fund shops have an international exposure," Mr. Gogerty said.
"That provides diversification among managers and fund shops" as well as asset classes, she said.
Just a few years ago, analysts, traders and others on Wall Street who wanted to open up their own hedge fund shops practically had money raining from the skies.
Expect more mutual fund shops to offer ETFs themselves to investors.
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"Any fund shop is not a monolith," she added.
Father, Rupert Sr., founded early mutual fund shop Franklin Distributors 1947.
66. Married FATHER, RUPERT SR., CREATED MUTUAL fund shop Franklin Distributors 1947.
Mutual fund shop Legg Mason gained 6.6% ahead of its report due after the closing bell.
His father Rupert Sr .founded the mutual fund shop as Franklin Distributors in 1947, and the business has stayed in the family ever since.
Proprietor of his eponymous fund shop in Chicago, Richard Driehaus was the best-performing bull in the contest that concluded in 2003.
A native Chicagoan, Simpson taught economics at Princeton in the early 1960s and ended up in 1969 at Shareholders Management a flashy, trading-oriented mutual fund shop headed by Fred Carr, who later ran junk-bond-heavy First Executive into the ground.
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