CRM open-end and exchange-traded products are more expensive than similarly distributed funds at other highly-rated asset managers, on average in the second most expensive quintile of category peers. The higher expense profile contributes negatively to the firm's overall stewardship rating and creates a larger performance hurdle. Only three years of average asset-weighted tenure among CRM's longest-tenured managers gives us pause. In isolation, seasoned teams tend to have more experience to draw upon should they need to navigate turbulent market conditions. The firm's lineup has been durable. It has had a three-year risk-adjusted success ratio of 78%, meaning that of the strategies with a three-year track record, 78% have survived and beaten their respective category median on a risk-adjusted basis.
CRM lags peer asset managers in a number of stewardship qualities, resulting in a Below Average Parent Pillar rating.