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Tuesday, March 8, 2016 RidgeWorth Takes the Liberty to Adopt a Three-Year-Old Fund RidgeWorth just adopted a three-year-old infrastructure mutual fund.
The fund first launched in September 2012. The four-star fund now has $3 million in assets. Capital Innovations co-founder and PM Susan Dambekaln and Capital Innovations co-founder and chief investment officer Mike Underhill PM the fund. Though some of RidgeWorth's subadvisors are affiliates or subsidiaries, Underhill confirms that Pewaukee, Wisconsin-based Capital Innovations continues to be 100-percent employee-owned. As of December 31, Capital Innovations had $175 million in AUM. The firm dates back to 2007 and also subadvises a series of funds in Canada for Sprott Asset Management. Julia Short, president and CEO of RidgeWorth Funds, calls the freshly-adopted fund "complementary to the other strategies in the RidgeWorth product line." She lauds the Capital Innovations team for "their strong and proven investment process and discipline." "Capital Innovations provides a distinct benefit through its focus on identifying opportunities in real asset investing," states Ashi Parik, CEO and CIO of RidgeWorth Investments. RidgeWorth owns three other boutiques, has a minority stake in a fourth, and has two other boutique allies (including Capital Innovations) serving only as independent subadvisors. As of December 31 RidgeWorth had $37.7 billion in AUM. Printed from: MFWire.com/story.asp?s=53605 Copyright 2016, InvestmentWires, Inc. All Rights Reserved |