Newfound Research has hired Andrew Gogerty to further develop the firm’s line of exchange traded fund managed portfolios as competition heats up among ETF strategists in this segment of the separate accounts space.
Andrew Gogerty, currently an ETF Managed Portfolio Specialist for Morningstar, will serve in Newfound’s investment team and in business development, sales and marketing, with a focus on research, product development, thought leadership and education, beginning March 17, according to a press release.
“We are extremely proud of the tremendous growth that we have experienced in recent years,” Tom Rosedale, CEO of Newfound, said in the press release. “The success of these strategies, and of our partners, has afforded up the opportunity to quickly expand our national reach and offer our unique investment strategies to a broad community of advisors and institutional platforms. We are thrilled to have Andy on board, bringing with him an unparalleled level of expertise in the ETF strategist and quantitative research space that will be invaluable as we continue to expand our offerings and our reach.”
Gogerty helped establish the industry’s preeminent research platform for ETF managed portfolios.
Assets in ETF managed portfolios tracked by Morningstar have increased 40% over 2013, writes Gogerty for Morningstar. There were 648 strategies from 153 firms with a collective $96 billion in assets as of the end of 2013.