Effective September 1, Allegiant Funds
will outsource management of approximately 50 percent of its International Equity Fund assets.
Boston-based Polaris Capital Management
will manage half of the $216 million fund's portfolio, along with current in-house portfolio manager Martin Schulz.
We expect that together, the two management styles will improve the fundís all-weather profile and offer potentially greater performance and consistency to the fund.Ē said John Abunassar, executive vice president of Allegiant Asset Management Company, in a statement.
Polaris manages $793 million in assets for institutional and high-net worth individuals. The firm also offers its own mutual fund, the Polaris Global Value Fund with $229 million in assets.
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