Forward Management Adds Investor Share Class

Forward Management, LLC, is introducing a no-load “investor” share class for three of its real estate and infrastructure funds.

The new investor shares, which carry no sales load, will be added to the Forward International Real Estate Fund (FFIRX), the Forward Real Estate Long/Short Fund (FFSRX), and the Forward Global Infrastructure Fund (FGLRX).

The expansion, Forward said, was designed to make alternative investments more accessible to individuals. The shares offer lower investment minimums than the funds’ existing no-load institutional share class, allowing individuals to invest with as little as $500.

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“We aim to be a leader in providing individual investors with better access to alternative strategies, as we believe many investors will need to substantially broaden their asset class exposure if they hope to keep pace with their long-term return objectives in the years ahead,” commented  J. Alan Reid Jr., Forward’s CEO.

Great-West Appoints TPA Relationship Manager

Great-West Retirement Services has appointed Daniel Friel as third-party administrator relationship manager for the East region.

Friel is responsible for maintaining existing TPA relationships as well as growing Great-West Retirement Services’ TPA-supported 401(k) business. He is based in Boston and reports to Tom Connolly, vice president, business development.  

Prior to joining Great-West Retirement Services, Friel served as a relationship manager in institutional sales with Daily Access Corporation. He also spent nearly 10 years in various service and analyst positions at Fidelity Investments.

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