A quality holding back Loncar from the top tier of stewards is its managers' limited personal investments in their respective products, which helps to align portfolio manager and shareholder interests. Currently, none of the firm’s assets are covered by invested managers. A cause for concern at Loncar is its relatively inexperienced longest-tenured management. In particular, average asset-weighted tenure at the firm is only one year, a negative contributor to the rating.
In an increasingly competitive industry, Loncar falls behind on a number of key metrics, resulting in a Below Average Parent Pillar rating.