Company: Bryn Mawr Bank Corporation
New Fund: BMT Multi-Cap Fund
On August 15, Bryn Mawr Trust launched
their first SEC-registered multi-cap fund. It is a long-only diversified fund that is designed to provide long-term capital appreciation and a moderate level of current income. The fund will be advised by BMT Investment Advisers and Ernest Cecilia
, CIO of BMT, and his team of PMs will be responsible for directly managing the fund.
New Funds: VelocityShares Long LIBOR ETNs
and VelocityShares Long LIBOR ETNs
On August 16, VelocityShares launched
their long and short LIBOR ETNs in order to help sophisticate investors diversify their portfolios. The ETNs are more sophisticated investment vehicles that requires advanced knowledge on futures and interest rates. They are designed to track the LIBOR index by approximating its "targeted" participation in the daily percentage change. The VelocityShares ETNs hold high risk and should only be held short-term.
To learn more about recent fund launches, check our most recent New Fund Fuss here. For information about SEC filings or new hires, check out our latest Filings For Fundsters and Follow the Fundsters columns, respectively. For job opportunities in the industry, explore our The Next Gig column. If you have a fund filing that you would like to point out, a mutual fund launch, product change or new hire that you would like to announce, please contact the MFWire team at email@example.com.
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