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Article: Milestone manager surmounts falling rates, rising assets.(Marc Pfeffer of Milestone Capital Management)(Public Funds Management)(Company Profile)
- Article from:
- The Bond Buyer
- Article date:
- March 11, 1996
- Author:
CopyrightCOPYRIGHT 1996 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Running a money market fund in declining, interest-rate environment can be difficult for any money manager, but Milestone Capital Management senior portfolio manager Mar Pfeffer has another obstacle in his way: steadily increasing assets.
"It's very challenging to pick up assets in a declining interest rate environment," Pfeffer said. "And it is a little bit more difficult when you're picking up money as opposed to having a stable asset flow where it's a lot easier to dictate, from a portfolio manager perspective, what exactly you want to do."
Pfeffer, who manages the fledgling management company's $600 million Milestone Funds Treasury Obligations Portfolio, ...