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Rating:Bye, Bye, Westcore Funds Not Rated 5.0 Email Routing List Email & Route  Print Print
Thursday, June 14, 2018

Bye, Bye, Westcore Funds

Reported by Neil Anderson, Managing Editor

Denver Investments and its Westcore Funds are no more ... at least in name.

Last month Chicago-based Segall Bryant & Hamill (SBH [profile]) closed on its planned acquisition (first unveiled in January) of Denver Investments, and shortly thereafter SBH CEO Philip Hildebrandt confirmed that the Westcore funds will be rolled into the Segall Bryant & Hamill Funds. Mark Rewey, director of sales and marketing at SBH, confirms that the Denver Investments and Westcore Funds brands have "gone away." Don't expect more SBH M&A just yet.

"We're not going to be making more acquisitions right now," Rewey tells MFWire. "We've got a full plate right now, a very comprehensive set of strategies and solutions."

"We have capacity. The main focus ... is to grow our funds," Rewey adds. "We're obviously focusing on multiple distribution channels."

Most of the team at Denver Investments joined SBH as part of the deal, Rewey confirms. SBH now has about 150 people working with about $20 billion in AUM, and it now offers 18 mutual funds.

"We doubled down on active management essentially," Rewey says. 

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