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

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

Rating:CV Advisors Takes the Reins Over Two Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, September 19, 2013

CV Advisors Takes the Reins Over Two Funds

Reported by Katie Lobosco

CV Investment Advisors is one busy firm. It just took over two funds as an interim sub-advisor.

CV's founder Brenda A. Smith is now the PM for both Caritas All-Cap Growth Fund and the Presidio Multi-Strategy Fund.

Both funds have struggled in the past year, missing benchmark returns.

Caritas Capital [profile] had initially decided to liquidate its all-cap growth fund on a recommendation from its advisor who determined that it was "no longer economically viable to continue operating the fund in view of its size and future prospects of growth," according to an SEC filing .

The Caritas fund was managed by its own chief financial advisor Robert Fontana and reportedly invested primarily in a portfolio of common stocks believed to have above-average future growth potential relative to similar companies.

The fund was expected to have been liquidated in August, but the firm changed its mind according to a prospectus filed August 30.

Meanwhile, the Presidio Multi-Strategy Fund was managed by Presidio Capital Investment's [profile] C. Thanh Nguyen, who aimed for a globally diversified portfolio.

\ The portfolio was down -2.27 percent in the fiscal year ending in May, compared to a benchmark return of 15.03 percent, according to an SEC filing.

In both cases, CV Advisors will remain in the interim positions for 150 days or until a permanent advisor is hired, whichever comes first.

MFWire's Stork & Reaper section previously covered the hiring of CV Advisors here and here.  

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q3Q2Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use