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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.
 

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