With a lucrative offer unprecedented for the firm,
Forward lured Duff away from Nicholas-Applegate with an equity stake in the firm, he said, rendering him the first executive at Forward to have such ownership. Conversely, he said, the acquisition of Nicholas-Applegate by
"Im the first person in the firm that owns equity," Duff said. "That was a big part of it for me."
Duff helped build Nicholas-Applegates managed account and client service teams for the wirehouse channel. He also managed the sales of the firms retail funds before Nicholas-Applegate sold them to Pilgrim Baxter.
Prior to working for Nicholas-Applegate, Duff was the senior investment officer at
In the coming year, Duff said Forward will expand its fund offerings, adding between five and seven new funds. In addition, the firm plans to round out its managed account and separately managed account businesses with additional offerings, he said.
Currently, the San Francisco-based asset manager offers a group of four sub-advised funds, two managed accounts and one separate account product. It distributes its funds through 13 broker/dealers and wireshouses including: Charles Schwab, Fidelity, TDWaterhouse, E*Trade, Ameritrade and Morgan Stanley.
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