Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

3965

Westwood acquires USD52m in mutual fund assets

RELATED TOPICS​

Westwood Holdings Group has completed the reorganisation of the Philadelphia Fund into the WHG LargeCap Value Fund.

The shareholders of the Philadelphia Fund approved the reorganisation at a meeting on 6 November 2009.

As of 13 November 2009, the Philadelphia Fund and the WHG LargeCap Value Fund had assets of approximately USD52m and USD139m, respectively.

Brian Casey, Westwood’s president and chief executive, says: “We welcome our newest shareholders into the WHG LargeCap Value Fund and will strive to provide them with the strong performance and superior client service that we seek to deliver to all of our clients. Our new shareholders will also benefit from a lower, capped expense ratio and a larger, more diverse family of mutual funds that the WHG funds offer.”

The WHG LargeCap Value Fund uses the same investment process, philosophy and team as Westwood’s large cap institutional strategy.

Casey adds: “This accretive transaction increases assets in the WHG LargeCap Value Fund to over USD190m and provides additional scale to the WHG Funds, which have now surpassed USD500m in assets in less than four years from the launch of our first fund.”

The WHG funds consist of WHG LargeCap Value, WHG SMidCap, WHG SmallCap Value, WHG Income Opportunity and WHG Balanced.

Latest News

Bequant has announced that it has launched a new capital introduction platform designed specifically for..
ndosuez Wealth Management has announced the launch of Indosuez Funds - Chronos Green Bonds 2028,..
New global research from industry association Global Digital Finance (GDF) shows most major financial institutions..

Related Articles

graph
The exodus from hedge funds continues with investors questioning unswayed by relatively strong performance from the alternative asset class...
The exodus from hedge funds continues with investors questioning unswayed by relatively strong performance from the alternative asset class...
Waves
A joint statement from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management has been published, entitled The urgent need for better ocean-related data to make informed investment decisions...
A joint statement from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management has been published,..
Frozen soap bubble
From the end of this month, the UK’s Sustainability Disclosure Requirements (SDR) regime comes into force which the Financial Conduct Authority says has a simple aim: “Financial products that are marketed as sustainable should do as they claim and have the evidence to back it up.”..
From the end of this month, the UK’s Sustainability Disclosure Requirements (SDR) regime comes into force which the Financial Conduct..
Global ESG Investing
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of climate change and ESG factors in state policymaking...
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of..
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