Centaur Capital Partners is now officially the proud parent of a growing mutual fund family.

The subadvisor, which adopted the Tilson Dividend Fund after former parent T2 Partners left '40 Act Country, has officially renamed the product to the Centaur Total Return Fund as well as launched the Centaur Mutual Funds brand, according to a SEC filing.

In an October 31 letter to shareholders, Centaur executives explained:

To reflect the change in advisor and also to better capture the strategy of the Fund, we have decided to re-name the Fund. Effective October 31, the Fund’s name will change to the Centaur Total Return Fund. It is our hope that this new name more clearly differentiates our strategy and better represents how we actually select investments for the Fund. We believe that one of the strengths of the Fund’s strategy is the flexibility to invest not only in dividend-paying stocks, but also to utilize the sale of covered call options against certain of the Fund’s holdings on an opportunistic basis to augment the Fund’s income generation. Lastly, we believe that while the Fund prioritizes income-generating opportunities, we also include investments that don’t generate income when we believe doing so will improve the capital appreciation potential for the Fund. To be clear, we wish to emphasize that the change in the Fund’s name does not change the investment objective or strategy of the Fund, but rather in our view simply better describes the manner in which the Fund has been managed since its inception.

The shop has also introduced a new fund logo and website. The new web site is expected to be launched by November 2, 2013. The web site address is: http://www.centaurmutualfunds.com. Visitors to the Fund’s previous website will be automatically re-directed to the new home page. 

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