The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:$50 Million of AUM in Six Weeks: A Startup's Story Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, December 07, 2011

$50 Million of AUM in Six Weeks: A Startup's Story

Reported by Armie Margaret Lee

A month-and-a-half since launching their two mutual funds, executives at startup Grandeur Peak Global Advisors [profile] said the funds have more than $50 million of AUM.

"After our first six weeks, with limited distribution, our funds have over $50 million under management (as of 12/2/11), and we have had a nice stream of requests from potential investors to expand our distribution," said CEO and portfolio manager Robert Gardiner in a press release.

Gardiner started Grandeur Peak in July with fellow Wasatch alums Blake Walker and Eric Huefner. The company has nine employees, eight of whom had worked at Wasatch.

On October 17, Grandeur Peak rolled out the Grandeur Peak Global Opportunities Fund and Grandeur Peak International Opportunities Fund.

The global opportunities fund, seeded with about $8 million, now has $39 million of assets, and the international opportunities fund, seeded with five million, now has $13 million, according to Huefner, Grandeur Peak's president, COO and CCO.

The funds have been available directly and via Schwab since their launch. The funds have now also landed on the supermarket shelves at Fidelity, Pershing, Vanguard and Scottrade.

By yearend, Grandeur Peak hopes to be on the TD Ameritrade platform, said Huefner.

Sales are handled by Huefner and Mark Siddoway, who serves as head of client relations. Siddoway works with RIAs and institutions and Huefner focuses on RIAs and individuals.
Company Press Release

Grandeur Peak Expands Fund Distribution Platforms

Grandeur Peak Funds are now also available through Schwab, Fidelity, Pershing, Vanguard, & Scottrade

Salt Lake City, Utah (December 5, 2011) Grandeur Peak Global AdvisorsSM, the firm founded by former Wasatch portfolio managers Robert Gardiner and Blake Walker, announced the continued expansion of distribution for the Grandeur Peak Funds.

The Grandeur Peak Funds have been available directly from Grandeur Peak and through Schwab since the funds' launch on October 17, 2011. The funds are now also available through Fidelity, Pershing, Vanguard, and Scottrade. Said Grandeur Peak President Eric Huefner, "We are pleased to provide an increasing array of platforms through which investors can access the Grandeur Peak Funds. Beyond the platforms announced today we continue to work with a number of other intermediaries and expect to continue expanding distribution options."

Robert Gardiner, Grandeur Peak CEO and Portfolio Manager, commented "We have been pleased to see how well our firm is being received. After our first six weeks, with limited distribution, our funds have over $50 million under management (as of 12/2/11), and we have had a nice stream of requests from potential investors to expand our distribution. We will continue working to make our funds and investment approach broadly accessible to investors who, like us, believe some of the best long-term investment opportunities can be uncovered by experienced managers who are fully canvassing the world to find and consider each company within its global context."

The Grandeur Peak Global Opportunities Fund (GPGOX/GPGIX) is a portfolio of global equities, with a strong bias towards small and micro cap companies. Investments include companies based in the U.S., developed foreign countries, and emerging/frontier markets. The portfolio has flexibility to adjust its investment mix by market cap, country, and sector in order to invest where the portfolio managers believe some of the best global opportunities currently exist. See the Prospectus for additional fund detail.

About Grandeur Peak Global Advisors

Grandeur Peak Global Advisors is comprised of a highly seasoned and collaborative research team taking a bottom-up approach to investing using disciplined global screening, rigorous company due diligence, and close attention to valuation to find what we believe to be the best investment opportunities around the world. Our bias is towards small and micro cap companies because we believe we can find faster growth among these firms, and often at better valuations due to the lack of analyst coverage. Grandeur Peak Global Advisors, LLC is an employee-owned investment adviser headquartered in Salt Lake City, Utah and registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. MFDF In Focus: Board Oversight of Sub-advisers, April 15
  2. IDC Virtual Roundtable: New Jersey and Pennsylvania - April 2021, April 15
  3. IDC Virtual Roundtable: Florida - April 2021, April 20
  4. The 31st Sub-Advised Funds Forum, Apr 20-21
  5. ETF.com Awards 2020, April 20
  6. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  7. IMEA Marketing Council Roundtable | Engaging Advisors In a Virtual World, April 21
  8. IDC Virtual Roundtable: Alabama, Georgia, North Carolina, and South Carolina - April 2021, April 22
  9. FIASI virtual event - ESG in Fixed Income: Shining a Light on Transparency, Apr 22-23
  10. IDC Webinar: The Future of the Workplace - April 2021, April 23
  11. IDC Virtual Roundtable: Arkansas, Louisiana, Mississippi, Oklahoma, Tennessee, and Texas - April 2021, April 27
  12. MFDF Case Studies in Fund Oversight — A Virtual Roundtable for Directors, Apr 28-29
  13. IDC Virtual Roundtable: Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota - April 2021, April 29
  14. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  15. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  16. ICI 2021 General Membership Meeting - Day 1, May 6
  17. Emerging Manager Forum USA, May 12-14
  18. ICI 2021 General Membership Meeting - Day 2, May 13
  19. 2021 FINRA Annual Conference, May 18-20
  20. IDC Speaker Series - Abby Joseph Cohen: A Conversation About the State of the Global Markets, May 19
  21. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  22. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  23. Irish Funds Online Annual Global Funds Conference 2021, May 19-20
  24. MFDF webinar - Fund Director Compensation: MPI Annual Survey (2021), May 20
  25. ICI 2021 Operations and Technology Conference, May 20
  26. MFDF webinar - Board Oversight of a Fund's Derivatives Risk Management and Fund Compliance With Rule 18f-4, May 24

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use