he tech disaster is moving executives at Shaker Investments
, a high net worth money manager, to launch its first mutual fund: a small/mid cap growth fund called Shaker Fund.
, the manager of Shaker Fund and president of Shaker Investments launched the fund to capitalize on perceived growth opportunities, especially as the downturn makes more attractive company valuations.
"Our analysts are independent thinkers who devote extensive time and energy to identifying what the adviser believes are fundamentally superior companies, rather than relying on off-the-shelf Wall Street research," said Hemmelgarn, the manager of Shaker Fund and founder and president of the Cleveland-based Shaker Investments. "This strategy has been used to establish the Adviser's investment record, which commenced in 1991."
Shaker Fund's minimum initial account is $10,000 for individual investors and $1 million for institutional accounts. The firm, with its reputation in separate accounts and hedge funds, manages approximately $1.3 billion across all programs.
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