Boutique buys businesses run by managers who have skin in the game.
In every issue, Undiscovered Manager profiles a noteworthy strategy that hasn’t yet been rated by Morningstar Research Services’ manager research group.
Tucked within Principal Global Investors, which runs more than $450 billion of assets as part of Fortune 500 company Principal, is equity boutique Aligned Investors. There, chief investment officer Bill Nolin and director of research Tom Rozycki oversee a $22 billion portion.
Laura Lallos does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.