just adopted a three-year-old infrastructure mutual fund.
| Julia Short|
President, Chief Executive Officer
The Atlanta-based, private-equity-backed mutual fund shop recently adopted and rebranded the Capital Innovations Global Agriculture, Timber and Infrastructure Fund
as the RidgeWorth Capital Innovations Global Resources and Infrastructure Fund
. Though Liberty Street Advisors
no longer serves as advisor to the fund, Capital Innovations
will continue to subadvise the fund, while RidgeWorth
] will distribute and market it.
The fund first launched in September 2012. The four-star
fund now has $3 million in assets. Capital Innovations co-founder and PM Susan Dambekaln
and Capital Innovations co-founder and chief investment officer Mike Underhill
PM the fund.
Though some of RidgeWorth's subadvisors are affiliates or subsidiaries, Underhill confirms that Pewaukee, Wisconsin-based Capital Innovations continues to be 100-percent employee-owned. As of December 31, Capital Innovations had $175 million in AUM. The firm dates back to 2007 and also subadvises a series of funds in Canada for Sprott Asset Management.
, president and CEO of RidgeWorth Funds, calls the freshly-adopted fund "complementary to the other strategies in the RidgeWorth product line." She lauds the Capital Innovations team for "their strong and proven investment process and discipline."
"Capital Innovations provides a distinct benefit through its focus on identifying opportunities in real asset investing," states Ashi Parik
, CEO and CIO of RidgeWorth Investments.
RidgeWorth owns three other boutiques, has a minority stake in a fourth, and has two other boutique allies (including Capital Innovations) serving only as independent subadvisors. As of December 31 RidgeWorth had $37.7 billion in AUM.
Stay ahead of the news ... Sign up for our email alerts now