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

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

Rating:A 50-Year-Old Firm Enters the ETF Space Via Conversion Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, March 2, 2023

A 50-Year-Old Firm Enters the ETF Space Via Conversion

Reported by Neil Anderson, Managing Editor

A 50-year-old asset manager recently entered the ETF side of the business by converting a 16-year-old mutual fund.

Brian Mitchell Barish
Cambiar Investors, LLC
President, Chief Investment Officer
Last month, Brian Barish, president and chief investment officer of Cambiar Investors, LLC [profile], unveiled the launch of the Cambiar Aggressive Value ETF (CAMX on the NYSE Arca, Inc.). As planned, CAMX was created by reorganizing the longstanding Cambiar Aggressive Value Fund Fund into a Cambiar's first ever ETF.

The reorganization took effect on February 13, 2023, and the new ETF had $46.644 million in AUM as of yesterday. It comes with an expense ratio of 59 basis points (compared with 95 bps for the predecessor fund's institutional shares and 100 bps for the predecessor fund's investor shares). Like its predecessor, CAMX is a series of the Advisors' Inner Circle Fund.

Cambiar serves as investment advisor to the new, actively managed ETF. Barish, who PMed the predecessor fund since its inception on August 31, 2007, now PMs CAMX. The fund uses a high-conviction, value-focused investment strategy.

"The combination of increased tax efficiency and lower expenses, in conjunction with Cambiar's longsstanding price-sensitive investment discipline, results in an attractive proposition for investors looking to get greater exposure to high quality value businesses," Barish states, adding that the ETF is "an exciting satellite complement to any allocation model."

The new ETF's other service providers include: Brown Brothers Harriman & Co. (BBH) as custodian and transfer agent; Ernst & Young, LLP as independent accounting firm; Morgan, Lewis & Bockius LLP as legal counsel; SEI Investments Distribution Co. as distributor; and SEI Investments Global Funds Services as administrator. 

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

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q3Q2Q1
2023: Q4Q3Q2Q1
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. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use