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Friday, September 18, 2015

Fallen Angel Falls

by: Neil Anderson, Managing Editor

A West Coast mutual fund shop is shutting down a value fund.

Michael J. Moore
American Money Management
Chief Investment Officer
AMM Funds [profile] filed to liquidate its Fallen Angels Value Fund on October 16. The one-star, nine-year-old fund has $8.4 million in AUM, per Morningstar.

MFWire could not immediately reach Mike Moore, chief investment officer of Rancho Santa Fe, California-based American Money Management, for comment on the planned liquidation.

AMM also offers another fund: the two-star, $9.1-million Fallen Angels Income Fund

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