Most fund companies have not made it through the current bear market without losing assets, but some have been hit harder than others. With a few exceptions, large firms have lost a smaller percentage of their assets than smaller firms since the Nasdaq peaked last March, according to statistics from Financial Research Corp. of Boston, a mutual fund research and tracking firm.
Of the 393 fund firms with at least $100 million in assets tracked by FRC, 71 lost more than 25 percent of their total assets from the end of March 2000 to the end of February of this year, according to FRC. The average asset pool for all firms is $12.26 billion, but the average assets for those 71 companies is $6.48 billion. Of those 71 firms, only seven had assets of over $12 billion before the decline, according to FRC.