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

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

Rating:A Two-Fund Shop Prepares to Shutter One Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, February 24, 2016

A Two-Fund Shop Prepares to Shutter One

by: Neil Anderson, Managing Editor

A Texas asset manager with two mutual funds is preparing to shut down one of those funds next month.

John Brim
Smith Group Asset Management
President, Senior Portfolio Manager
Dallas-based Smith Asset Management Group confirms via regulatory filing that on March 30 it will liquidate the Smith Group Small Cap Focused Growth Fund. The fund launched at the end of 2013 and has about $587,000 in AUM.

MFWire could not immediately reach Steve Smith for comment on the planned liquidation. Smith is the founder, CEO, and chief investment officer of Smith Group.

"The Adviser has determined that the Fund has limited prospects for meaningful growth," the filing reads.

In preparation for the liquidation, yesterday Smith Group closed the fund to new investments. Steve Smith himself and John Brim, president of the company, PM the fund.

Smith founded Smith Group in 1995. The employee-owned firm had more than $3 billion in AUM as of September 30, 2015. The company also offers the three-star, $45.8-million Smith Group Large Cap Core Growth Fund, which launched in 2007. 

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

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
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:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use