The SSgA Tuckerman Active REIT Fund will soon be looking for another subadvisor.
That’s because come January 1, 2013, the fund’s subadvisor, The Tuckerman Group, will no longer serve in that capacity, according to a Securities and Exchange Commission
The $59 million REIT fund bets primarily in publicly traded securities of real estate companies “with superior earnings growth and conservative balance sheets,” according to Bloomberg. It is managed by Amos Rogers and Sophia Banar and sports an expense ratio of 100 basis points.
