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, Wrona 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. Longest-tenured managers’ average asset-weighted tenure within the firm is slim, four years, compared with peer firms. This contributes negatively to the rating, as the current managers have limited experience running strategies at the firm. Finally, a strength of the firm is its very competitive risk-adjusted performance. Its open-end and exchange-traded strategies average an overall Morningstar Rating of 4.0 stars.
Is Palantir Technologies Worth the Wait?
The company's shares are down this year, and that may have created an opportunity for investors willing to be patient.