A nine-year-old mutual fund shop is about to shut down its flagship fund.
| Bill Davlin|
Davlin Philanthropic Funds
Founder, President and Trustee
On September 30, per a recent SEC filing
, the Davlin Philanthropic Fund
will shut down
. The one-star, $9.9-million mutual fund is managed by Wayland, Massachusetts-based Davlin Fund Advisors
], which is itself a non-profit
that annually donates part of its advisory fees to charities ("with guidance from the Fund's individual investors").
, president of his eponymous fund firm and PM of the fund, did not return calls for comment on the planned liquidation.
Davlin, a former Royce Funds
analyst, founded Davlin Fund Advisors
in 2007, and his mutual fund launched in 2008.
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