8 star managers who flew the coop

The mutual fund industry has a long history of stars leaving to run their own shops. Here are eight managers who cut ties with their fund companies to go solo.

1 of 8
Tad Rivelle
Tad Rivelle
Previous gig:A former Pimco portfolio manager, Rivelle was a star bond manager in the 1990's at Hotchkis and Wiley, where he amassed about $2 billion in assets across several mutual funds.

Why he split: Shortly after Merrill Lynch bought Hotchkis and Wiley in 1996, Rivelle and his team bolted. Hotchkis sued, alleging that Rivelle and his colleagues left with confidential information. The case was settled for an undisclosed amount.

Today: Rivelle and his team's fixed income investment firm, Metropolitan West Asset Management, has $30 billion in assets; his $8 billion Total Return bond fund (MWTRX) is ranked in the top 4% of its category on a five-year basis. Los Angeles asset management firm TCW finalized its acquisition of MetWest in late February.

NEXT: Chuck Akre
Last updated March 16 2010: 6:16 PM ET
Email | Print | Share  |  RSS
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
5 biggest share buybacks of 2014 Stock repurchases are booming. These five companies are ready to spend over $79 billion on buybacks. More
10 horrifying corporate mascots McDonald's Happy is part of a long lineage of creatures great and small that shill for products and mortify consumers. Mr. Mucus, anyone? More
5 best cities to launch a career The top spots in the U.S. for new grads to land a job -- and actually enjoy life -- according to financial site WalletHub. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.