Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Touchstone Steven M Graziano

10660

Touchstone Small Cap Core Fund closing to new investors

RELATED TOPICS​

The Touchstone Small Cap Core Fund will close to new purchasers effective as of the close of business on 21 September 2012.



The fund will not accept additional investments after that date with a few exceptions. The purchasing rights of existing shareholders will not change after that date.

The USD450m fund, which has been sub-advised by Richmond, Virginia-based The London Company (TLC) since its inception in September 2009, seeks long-term capital appreciation by investing primarily in stocks of US companies with small market capitalisations.

"The significant growth of the Touchstone Small Cap Core Fund’s assets is a testament to the success of the long-term, strategic investment approach applied by its portfolio management team," says Steven M Graziano (pictured), president of Touchstone Investments. "Reflecting our commitment to shareholders, we decided to close the fund to new investors to enhance The London Company’s ability to continue delivering strong results. We are grateful to The London Company for the outstanding job it has done with this fund."

TLC’s portfolio management team, led by Stephen M. Goddard, evaluates potential investments using a methodology practiced by private-equity investors. TLC focuses on businesses which are financially stable, run by shareholder-friendly management teams and consistently generate high returns on unleveraged capital. In order to mitigate downside risk, the team invests in companies that trade at 30 per cent to 40 per cent below their private market values. Their concentrated, high-conviction portfolios generally consist of 30 to 40 companies.

Latest News

MSCI has announced the launch of MSCI Private Capital Indexes, writing that with growing investor..
GAM Investments and Sun Hung Kai & Co, a Hong Kong-based alternative investment firm, are..
PwC’s Global Entertainment & Media Outlook 2024-28, covering 13 sectors across 53 countries and territories,..

Related Articles

Rod Ringrow, Invesco
Geopolitical tension has surpassed inflation as the primary concern of sovereign investors and is prompting greater interest in allocating to emerging markets, according to the twelfth annual Invesco Global Sovereign Asset Management Study...
Geopolitical tension has surpassed inflation as the primary concern of sovereign investors and is prompting greater interest in allocating to..
Green energy
2024 has been the strongest ever year for green bond sales, with deals topping USD356 billion in the first six months, according to research from Bloomberg...
2024 has been the strongest ever year for green bond sales, with deals topping USD356 billion in the first six..
infrastructure headline
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the UK’s growth ambitions...
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the..
Tom McPhail, lang cat
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a widely predicted Labour win...
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by