Fees on the firm's open-end and exchange-traded funds are a weakness, contributing negatively to the rating and creating a larger performance hurdle on funds. On average, Neiman charges fees on its funds that are in the highest quintile of similarly distributed funds. With the current market environment of fee compression, this is cause for concern, as investors may flock over time to alternate asset managers to get a better deal. On average, Neiman's longest-tenured strategy managers have 21 years of tenure. This level of experience should give investors confidence in the group's ability to handle turbulent market conditions.
Never Mind Market Efficiency: Are the Markets Sensible?
Not always, but it’s difficult to profit from that knowledge.