Brendan Clark may have taken the helm as president at Clark Capital Management Group [profile] , but founder and exiting president Harry Clark is still here to stay (see MFWire). The elder Clark, who will resume his role at the firm as chairman and CEO, revealed in a phone interview that he will take charge of getting the shop's foreign markets going. And his first task is to launch two UCIT funds in Luxembourg for the Latin American and Asian markets.

Harry Clark Clark Capital Management Group Chairman and CEO

Clark started managing money based upon a global equity ETF hedge strategy launched in 2004 and created the Navigator mutual fund around that strategy in December of 2010. The new UCITs will have a global equity unhedged strategy and will launch probably over the next year, Harry Clark said.

"We're harnessing volatility as an asset class," Harry Clark told MFWire.com. "If we can take a global equity portfolio and take the risk off, this allows investors to take a heavier stance in equities for growth."

Brendan Clark Clark Capital Management Group President

"We're continuing to invade the platform space," new president Brendan Clark added. "We see mutual funds as having the biggest impact in the strategist section of platform development."

Clark Capital is advisor to the Navigator Equity Hedge Fund, which is a part of Gemini Fund Services' Northern Lights Fund Trust series. The Navigator fund, which launched in December of 2010, hit the $80 million mark in the first quarter of this year.

The independent Philadelphia-based asset manager has built its total AUM threefold since 2010 under Clark's leadership as executive vice president of business development. Regarding expanding the mutual fund side of the business, Harry Clark said, "Our investment philosophy and process are in demand. So if we can deliver product that they can use to their liking, the mutual fund format is the perfect delivery method for that opportunity." 

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