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

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

Rating:AmericaFirst Launches A Sixth Fund and Ponders the Next Move Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, February 27, 2017

AmericaFirst Launches A Sixth Fund and Ponders the Next Move

Reported by Katy Golvala

Rick Gonsalves and his team just launched the AmericaFirst Large Cap Share Buyback Fund, the sixth fund for Roseville, CA-based AmericaFirst Capital Management.

Rick Gonsalves
AmericaFirst Capital Management
President and CEO
In an effort to keep his firm on top of a changing distribution landscape, Gonsalves wants to hire third-party marketers who can handle AmericaFirst's wholesaling efforts.

Launched on February 1, the fund marks the first long-only strategy for the firm, investing in large companies that pass a certain buyback threshold and using fundamentals to verify that the share buybacks are happening for the right reasons.

As Gonsalves, who serves as president, CEO, and portfolio manager, puts it, "If a company is confident enough to buy its own stock, why shouldn't we?"

In addition to beefing up distro support, he's also considering growth through product expansion into UITs, a space where the firm has had success in the past. SMAs could be another option, as he's had advisors requesting the mutual fund strategies in separate account format.

Founded in 2007 by Gonsalves, the privately-held boutique shop specializes in unemotional, rules-based investment strategies that use back-tested measurements when selecting securities. The firm manages around $100 million in assets across its suite of funds. The firm has four full-time employees: Rick Gonsalves, his father Larry Gonsalves, Robert Clark, and Michael Baumbach.  

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

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q1
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