The shock of Britains vote to leave the European Union had asset management analysts scrambling to determine the impact on various fund offerings.
Index funds often benefit from a low-cost halo. They don't all deserve to bask in that glow.
In his new position, Roman will replace Douglas Hodge, who presided over a tumultuous time that included the departure of Bill Gross and a plunge in assets at the firm.
The San Francisco-based venture fund was joined by existing Guideline backers NEA and Lerer Hippeau Ventures in the round.
As the industry endures market volatility and the onslaught of federal regulations, the search for cost reductions has become vital.