MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, May 5, 2005 Quaker Funds Replaces Subadvisor Global Capital Management has won a mandate as a subadvisor to the Quaker Mid-Cap Value Fund. The Conshohocken, Pennsylvania-based firm replaces Schneider Capital Management. Schneider had resigned from the mandate, citing plans to focus on its institutional business. Anthony Soslow, CGM's president and CIO said he believes the Quaker Family of Funds is well positioned as "advisors search for quality institutional managers in a conflict free mutual fund solution." The eleven Quaker Funds are based in Malvern, Pennsylvania and claimed more than $750 million in assets at the end of March. Citco Mutual Fund Distributors acts as the distributor for the fund family. CGM currently manages $250 million of small- and mid-cap assets. The Quaker Mid-Cap Value Fund held some $67 million in assets at the end of March. "We look forward to working with GCM in a seamless transition and anticipate continued excellent risk-adjusted performance. We want to express our gratitude to Arnie Schneider and his staff for their years of service to our investors and wish them continued success," said Jeffry H. King, Sr., chairman of Quaker Funds. Printed from: MFWire.com/story.asp?s=9636 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |