Effective September 1,
Allegiant Funds will outsource management of approximately 50 percent of its International Equity Fund assets.
Boston-based
Polaris Capital Management will manage half of the $216 million fund's portfolio, along with current in-house portfolio manager Martin Schulz.
We expect that together, the two management styles will improve the fund’s all-weather profile and offer potentially greater performance and consistency to the fund.” said John Abunassar, executive vice president of Allegiant Asset Management Company, in a statement.
Polaris manages $793 million in assets for institutional and high-net worth individuals. The firm also offers its own mutual fund, the Polaris Global Value Fund with $229 million in assets.
 
Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE