Navellier & Associates
has hired Beacon Hill Fund Services'
broker-dealer, BHIL Distributors
, to provide underwriter and distribution services to the Navellier Performance Funds.
Navellier's previous distributor was IFS Fund Distributors
. The change took effect December 1, according to an SEC filing
"We are pleased to have the opportunity to work with BHIL Distributors," Arjen Kuyper
, Treasurer of the Funds and President and COO of Navellier & Associates, said in news a release. "We have known many of the people at Beacon Hill and have done business with them in the past."
COLUMBUS, OH--(Marketwire - December 01, 2009) - Beacon Hill Fund Services, Inc. is pleased to announce that Navellier Performance Funds have selected BHIL Distributors, Inc., the affiliated broker-dealer of Beacon Hill, to provide Principal Underwriter and Distribution services to the Funds. The Navellier Performance Funds are managed by Navellier & Associates, Inc. which is located in Reno, Nevada and has $2.8 Billion in assets under management.
"We are pleased to have the opportunity to work with BHIL Distributors, Inc. as Principal Underwriter and Distributor for the Navellier Performance Funds as well as working with the entire Beacon Hill team," said Arjen Kuyper, Treasurer of the Funds and President and COO of Navellier & Associates, Inc. "We have known many of the people at Beacon Hill and have done business with them in the past. Their professionalism and integrity, as well as the overall depth of knowledge of the mutual fund industry, made it an easy decision to partner with them as our Fund's Distributor."
"We are delighted to partner with Navellier & Associates," said Scott Englehart, President of Beacon Hill Fund Services, Inc. "Having known and worked with the team at Navellier for many years, we admire their success and innovation. We also look forward to renewing a business relationship with Navellier and it will be a pleasure for us to share in their future growth and continued success."
Beacon Hill is a provider of management and support services to the investment management industry and its regulated investment company products. Beacon Hill specializes in providing experienced industry personnel to serve as Fund Chief Compliance Officer and Chief Financial Officer (CFO/Treasurer); business management, compliance, and regulatory oversight for regulated investment company products (mutual funds, registered alternative funds and exchange traded funds); and serving as the Principal Underwriter and Distributor through BHIL Distributors, Inc.
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