Mutual funds may not be on a hiring spree right now, but Longboard Asset Management Portfolio Manager Cole Wilcox is seeing demand increase elsewhere.
"What I see collectively is actively managed, traditional beta-type long-only equity managers who are having an incredibly difficult time winning business and competing with the very low-fee ETF and index-type fund platforms that exist," Wilcox, who also serves as Longboard's CEO and CIO, told StreetID. "We've seen a lot of restructuring, a lot of people re-organizing things.
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