and his team are bringing a New York mutual fund family into the Touchstone
| Steve Graziano|
Per a filing
with the SEC, the $191.5-million, four-star, DSM Large Cap Growth Fund
and the $6.6-million, five-star DSM Global Growth Fund
will be transformed, into the Touchstone Large Company Growth Fund
and the Touchstone Global Growth Fund
. Both funds will be subadvised by their old fund firm, DSM Capital Partners
. And DSM's third mutual fund, the $4.8-million DSM Global Growth & Income Fund
, will be merged into the global growth fund.
could not immediately reach DSM co-founder Stephen Memishian
for comment on the deal. Memishian and Daniel Strickberger
co-founded DSM in 2001 and they have 24 people with $6.2 billion in AUM as of March 31. The shop is employee-owned and based in Westchester, just north of New York City.
Graziano, president of Touchstone Investments, praises the DSM Large Cap Growth Fund as "a very well run large cap growth fund."
"It fills a whole I have in my lineup," Graziano tells MFWire
. "We were looking for managers ... We scoured the databases for top-performing managers."
"We were looking for good returns and decent downside protection," Graziano adds. He praises DSM as "a great manager".
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