Near San Francisco, a 33-year-old RIA's 24-year-old mutual fund family is about to rebrand. And the team is adding another fund to that family, too.
| Steve Matthew Savage|
Litman Gregory Asset Management, LLC
CEO, Managing Principal
Tomorrow, Walnut Creek, California-based Litman Gregory Asset Management's
] Litman Gregory Masters Funds
will be renamed
as the PartnerSelect Funds
. The funds are multi-manager, subadvised mutual funds. And, also tomorrow, the Litman Gregory team will launch the PartnerSelect SBH Focused Small Value Fund
, CEO of Litman Gregory, describes the fund family's name as better representing its mission.
Our focus as an independent advisor is on finding managers that we believe can deliver exceptional results to clients," Savage states. "We chose the name because it reflects our objective to partner with distinctive managers who we believe possess a clear edge in seeking to beat an index, and to partner with sophisticated investors seeking value-added strategies unavailable anywhere."
As for the new, small-cap value fund, it will come in institutional (i.e. 12b-1-free and no-load) shares. It will be PMed by Mark Dickherber
and Shaun Nicholson
, principals at Segall Bryant & Hamill
, the fund's subadvisor. State Street
is the new fund's custodian and administrator, Alps
its distributor, DST
its transfer agent, Cohen & Company
its accounting firm, and Paul Hastings
its legal counsel.
, principal and lead analyst on SBH at Litman Gregory, notes that the two PMs "have committed to managing a very low asset level that preserves their ability to execute this strategy."
"For that reason, the capacity for this fund is limited," Chee states.
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