A 20-year old institutional asset manager with $2.9 billion in AUM recently entered the mutual fund business.

Steven Logan Finerty Argent Capital Management Chairman, Co-Founder

The St. Louis Post-Dispatch reports that Argent Capital Management is at least the seventh mutual fund firm in the St. Louis, Missouri area. Earlier this fall the Argent team converted a small cap private fund into a mutual fund, moving about $138 million into that new MF.

Argent's Eddie Vigil PMs the new MF. Steve Finerty (chairman and co-founder of Argent) sees launching the MF as an opportunity to expand Argent's distribution, to 401(k) plans and other channels, the Post-Dispatch reports. (Finerty is also a partner at a local RIA, Moneta Group, and he co-founded a local 401(k) TPA and recordkeeper.)

Argent's team of 30 specializes in long-term, active, U.S. equity asset management, and their offerings include dividend select, large cap growth, mid cap, and small cap core strategies. The firm launched in 1998 and is 95-percent owned by employees. John Meara serves as Argent's president and chief investment officer, and Mark Caplinger serves as chief operating officer. 

Edited by: Neil Anderson, Managing Editor


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