The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Buffalo Makes a Fund More Flexible and Adds a PM Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, June 14, 2011

Buffalo Makes a Fund More Flexible and Adds a PM

News summary by MFWire's editors

Kornitzer Capital Management [see profile] is tweaking one of its Buffalo Funds. Last week the Mission, Kansas-based mutual fund firm filed to change the name and strategy of the $184.6 million, four-star Buffalo Balanced Fund while also adding a co-PM, Paul Dlugosch. On July 29 it will become the Buffalo Flexible Income Fund.

The fund's current, two-part strategy emphasizes growth, then income. That's going to change, though.

"We're going to flip-flop that," Buffalo spokeswoman Laura Gibson told The MFWire.com., adding that the fund will also be less constrained in terms of its asset allocation.

Dlugosch, who also co-PMs Buffalo's high yield fund, will co-PM the re-branded fund alongside president and chief investment officer John Kornitzer. What prompted the strategy switch?

"With the Fed Funds rate at zero, we wanted to give the fund the flexibility to invest anywhere," Dlugosch told The MFWire.com, adding that the bigger emphasis on income will make the fund more appealing to the Baby Boomer generation as they shift into retirement. 

Edited by: Neil Anderson, Managing Editor

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use