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Tuesday, May 31, 2016|
Touchstone Adopts an Empire State Fund Family
Steve Graziano and his team are bringing a New York mutual fund family into the Touchstone [profile] fold.
MFWire could not immediately reach DSM co-founder Stephen Memishian for comment on the deal. Memishian and Daniel Strickberger co-founded DSM in 2001 and they have 24 people with $6.2 billion in AUM as of March 31. The shop is employee-owned and based in Westchester, just north of New York City.
Graziano, president of Touchstone Investments, praises the DSM Large Cap Growth Fund as "a very well run large cap growth fund."
"It fills a whole I have in my lineup," Graziano tells MFWire. "We were looking for managers ... We scoured the databases for top-performing managers."
"We were looking for good returns and decent downside protection," Graziano adds. He praises DSM as "a great manager".
Printed from: MFWire.com/story.asp?s=54127
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