Posted inHead To Head

HEAD-TO-HEAD: AB versus Blackrock

FSA compares two US equity products: the AB American Growth Portfolio and the BGF US Flexible Equity Fund.
by Francis Nikolai Acosta

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MANAGER REVIEW

The AB fund is managed by lead manager Frank Caruso, who took over the product in 2012, and co-managers John Fogarty and Vinay Thapar, according to Wolfstetter.

The trio is experienced, averaging nearly 20 years with the firm and 10 years working together. The team also manages other mandates, including a style-agnostic and value-oriented strategies.

They draw support from seven dedicated analysts, mostly divided by sector, Wolfstetter said, noting that there has been some turnover among the analysts in recent years.

Meanwhile, the Blackrock fund is led by Todd Burnside, who took over as lead manager in 2017 from Peter Stournaras, according to Wolfstetter. He is supported by co-manager Joe Wolfe, who has helped build the fund’s quant screens since 2012.

Both managers can draw on a group of the around 20-member “income and value” investment team, which has been in existence only since 2017.

“The fund arguably has more resources now, but we would like to see the team settle down. It still needs to coalesce as it continues to add and subtract people,” Wolfstetter noted.

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