Portfolio managers at Needham have worked to align their interests with investors' by taking a personal stake and investing alongside them. Nearly 67% of the firm’s assets are represented by a manager who invests at least$ 1 million in their own product. Portfolio manager turnover at Needham has been low over the past five years, building confidence that the firm is working to establish a stable and engaging culture. Needham open-end and exchange-traded products are priced, on average, among the second most-expensive quintile of similarly distributed strategies. This higher expense profile of its funds creates a larger performance hurdle and contributes negatively to Needham's rating.
2023 Morningstar Investment Conference Highlights
Our flagship conference was filled with investing insights from top experts. Here’s a recap.