After its first mutual fund launch in April, San Mateo, California-based registered investment advisor The Golub Group
is eyeing an expansion to markets beyond its home state.
| Colin Higgins |
A California-registered fund, the Golub Group Equity Fund
currently has AUM of $6.3 million.
"As the fund grows, we hope to expand to other states," said Golub president Colin Higgins
in an interview with The MFWire
looking at 2010 to make it available for broader distribution."
The fund, which caps its expense ratio at 125 basis points, is on the Schwab
Unified Fund Securities
serves as the fund's distributor and Unified Fund Services
is the transfer agent, fund accountant and administrator. Huntington National Bank
acts as custodian.
(Unified is a subsidiary of Huntington Bancshares.)
Golub has also tapped Ashland Partners & Company
for performance verification
Golub's debut fund seeks to replicate the firm's core large-cap value equity strategy that it has employed with high net worth clients. It focuses on high-quality dividend paying securities.
Founded in 2003 after it branched out from a San Francisco broker-dealer, Golub has worked with high net-worth individuals and small institutional
clients. Higgins said that the market upheaval gave the firm an opportune moment to take advantage of the global equity business by kicking off the fund.
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