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Rating:Touchstone Hires a Portland Firm to Subadvise an Institutional Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, March 11, 2008

Touchstone Hires a Portland Firm to Subadvise an Institutional Fund

News summary by MFWire's editors

Touchstone Investments has tapped Portland, Oregon-based Mazama Capital Management to subadvise its new institutional fund. The Touchstone Mazama Institutional Growth Fund is available to institutional investors including RIAs, private banks, endowments, foundations and consultants for a minimum initial investment of $500,000.


Company Press Release

CINCINNATI, March 10 /PRNewswire/ -- Touchstone Investments announced it is expanding its product offering with the introduction of the Touchstone Mazama Institutional Growth Fund (The Fund). The Fund will rely on its sub- advisor, Mazama Capital Management, Inc., to manage its investments and make daily portfolio decisions.

"We are delighted to offer Mazama's management's experience within a mutual fund," said Jim Grifo, president of Touchstone Investments. "Touchstone's distinctive strategy of using a sub-advised approach to portfolio management offers investors access to institutional money managers whose management strategies otherwise would not be available to them."

The Mazama Institutional Growth Fund uses a fundamental, bottom-up research process, primarily focusing on companies with market capitalizations represented by the Russell Midcap Growth Index and seeks to outperform the Index over the long term. Mazama's investment team uses its proprietary Price Performance Model to identify and track the growth companies believed to represent the best opportunities in the market. Mazama believes that people are the most important factor in determining the success of any business.

This strategy has been available since 2004 through Mazama to institutions investing at least $50 million. The Touchstone Mazama Institutional Growth Fund is available to institutional investors including registered investment advisors, private banks, endowments, foundations and consultants for a minimum initial investment of $500,000.

Headquartered in Portland, Ore., Mazama Capital Management is an independent investment management firm specializing in growth equity investing for large institutional clients. Ronald A. Sauer, president, CEO and chief investment officer of Mazama Capital Management will lead a team of 11 sector specialists that includes portfolio manager, Gretchen Novak, CFA and associate portfolio manager, Joel Rubenstein.

"We are pleased to partner with Touchstone to bring the Touchstone Mazama Institutional Growth Fund to market," said Sauer. "While midcap focused, the strategy retains some flexibility to opportunistically buy small, mid and large cap growth companies as deemed timely in the investment process."  

Edited by: Armie Margaret Lee


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