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Rating:A 47-Year-Old Firm Reopens an $8.8B Set of Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, September 22, 2022

A 47-Year-Old Firm Reopens an $8.8B Set of Funds

Reported by Neil Anderson, Managing Editor

The team at a 47-year-old, $27.4-billion-AUM (as of July 31), employee-owned asset manager is welcoming new investors again to an $8.7506-billion-AUM (as of yesterday) set of mutual funds.

James Bradley "J.B." Taylor, Jr.
Wasatch Global Investors
CEO, Portfolio Manager
On September 7, JB Taylor, CEO of Wasatch Global Investors [profile], confirmed the immediate reopening (to new investors) of six Wasatch funds. With that move, all 20 of the Salt Lake City-based shop's mutual funds are now open to new investors.

The freshly reopened Wasatch funds include:

-the Wasatch Core Growth Fund, first launched in 1986, which had $2.773 billion in AUM as of yesterday, andis PMed by Taylor, Paul Lambert, and Mike Valentine; (the fund closed to new investors back in July 2020)

-the Wasatch Small Cap Growth Fund, first launched in 1986, which had $2.099 billion in AUM as of yesterday, and is PMed by Taylor, Ken Korngiebel, and Ryan Snow; (like Core Growth, Small Cap Growth closed to new investors back in July 2020)

-the Wasatch Ultra Growth Fund, first launched in 1992, which had $1.438 billion in AUM as of yesterday, and is PMed by John Malooly; (the fund closed to new investors back in September 2020)

-the Wasatch Small Cap Value Fund, first launched in 1997, which had $1.33 billion in AUM as of yesterday, and is PMed by Jim Larkins and Austin Bone; (the fund closed to new investors back in March 2021)

-the Wasatch Micro Cap Fund, first launched in 1995, which had $666.5 million in AUM as of yesterday, and is PMed by Korngiebel and Natalie Pesque; (the fund closed to new investors back in January 2021) and

-the Wasatch International Opportunities Fund, first launched in 2005, which had $444.1 million in AUM as of yesterday, and is PMed by Linda Lasater, Dan Chace, and Allison He.

All six freshly reopened funds come in two share classes: Investor and Institutional.

"Despite this year's volatile investment environment, our conviction in our long-term investment approach remains strong," Taylor states. "Time and again, Wasatch has found that difficult markets have highlighted the benefits of investing in high-quality growth companies with excellent management teams."

"Wasatch remains financially strong and has not seen significant outflows. However, the opportunities currently available in the market warrent reopening the strategies to new investors," Taylor adds. "Rest assured that Wasatch remains resolute in its commitment to limiting capacity and will once again close the strategies well before asset growth impacts performance." 

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