There have yet to be signs suggesting that Arena Capital is a topnotch steward. As a result, it is assigned a Below Average Parent rating until there's contrary evidence. Arena Capital currently manages one vehicle, with a total of$ 1.5 million under management and a roster of two portfolio managers. Despite Arena Capital having a relatively short track record, its managers are seasoned--with an average of 17 years of total industry experience.
The firm's average net expense ratio across its open-end and exchange-traded product shelf place the firm within the middle quintile of asset managers. Additionally, it'd be helpful to see a greater commitment from Arena Capital to investor transparency by disclosing portfolio holdings more often than is required by regulations.
To upgrade the firm's rating, Arena Capital needs to build a consistent track record of positive investor experience.