There have yet to be signs suggesting that Ionic Capital is a topnotch steward. As a result, it is assigned a Below Average Parent rating until there's contrary evidence. Ionic Capital currently runs one vehicle, with a total of$ 14.0 million under management and a bench of five fund managers. Despite the relatively short track record of Ionic Capital, its managers are battle-tested. As a group, they possess an average of 10 years of total industry experience. A firm's ability to retain its talent is a crucial indicator of its culture. This has been a strength of Ionic Capital, which has had lower-than-average manager turnover.
High costs on open-end and exchange-traded funds at Ionic Capital represent a stiff headwind to performance. The average net expense ratio of its funds falls within the second-costliest quintile compared with others.
To upgrade the firm's rating, Ionic Capital will be expected to build a consistent track record of positive investor experience.
United States