Joe Barrato is chief executive officer of Arrow Investment Advisors, a developer and distributor of mutual funds that are built around "targeted" levels of risk.

Barrato is looking to guide his Olney, Md., firm into the creation of actively managed exchange-traded funds and into the market of providing subadvisory services to other fund companies, with new products and potential partnerships with ETF index providers. The Arrow Funds now have $650 million in holdings.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.