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

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

Rating:Hartford Reopens Another Long-Closed Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, September 1, 2009

Hartford Reopens Another Long-Closed Fund

Reported by Daniel Tovrov

After five years, Hartford just reopened the Hartford MidCap Value Fund to new investors. Hartford first closed the fund in August 2004.

Subadvised by Wellington Management Company, the fund had $386 million in managed assets before buttoning-up to new investors. (It now has $236.56 million, as of market close on August 31, 2009.)

With the unshuttering of MidCap Value, Hartford has no other fund that's closed to new investors, a company spokesperson told The MFWire.

Keith Sloane, senior vice president of the Hartford Mutual Funds, anticipates that the fund will follow in the successful footsteps of the Hartford MidCap Fund, which reopened in December after four years.

"The Hartford MidCap Fund has been a strong performing fund in the Morningstar mid-cap growth category, and now we are pleased to offer new investors The Hartford MidCap Value Fund, which has been a strong performer in the mid-cap value space," Sloane stated in a news release. "Advisors and their clients may meet all their mid-cap needs by using both of these funds when building portfolios."

The MidCap Value fund is managed by James Mordy, a Wellington Management vice president and partner, who has been in charge since the fund's creation in 2001.

“As our economy shows signs of emerging from recession, there are many opportunities for investors in the mid-cap space," Mordy stated. "Opening the Fund to new investors will help us to take advantage of attractively priced mid-cap companies.” 

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
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:
Raw XML
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