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Rating:More Mutual Funds May be on SouthernSun's Horizon Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, August 26, 2010

More Mutual Funds May be on SouthernSun's Horizon

Reported by Armie Margaret Lee

SouthernSun Asset Management [see profile], is thinking about adding mutual funds. Currently, the Memphis-based investment manager offers one '40 Act product, the $61.4 million SouthernSun Small Cap Fund.

Michael Cook
SouthernSun Asset Mgt
Founder, CEO, CIO
Company officials have been discussing the possibility of offering the smid-cap and global all-cap strategies, which SouthernSun offers in a separate account format, in mutual fund form as well, said Michael Cook, founder, CEO and CIO, in an interview with The MFWire.com.

The firm hopes to make a decision on whether to pursue the concept "by the first of next year," Cook said.

Yesterday, The MFWire.com reported that SouthernSun has become a majority employee-owned firm following the purchase of several outside shareholders' interests. 

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