Friday, October 28, 2011
The Green Owl Lands in the Mutual Fund Biz
Reported by Armie Margaret Lee
Kovitz Investment Group
, a Chicago-based
investment management and planning firm, is getting into the mutual fund business. The firm plans to launch the Green Owl Intrinsic Value Fund
later this year.
Huntington Asset Services
will handle back-office functions.
Company Press Release
Huntington Asset Services Chosen to Administer Green Owl Intrinsic Value Fund
COLUMBUS, Ohio & INDIANAPOLIS, Oct 28, 2011 -- Huntington Asset Services has been chosen by Kovitz Investment Group, LLC to administer the launch of the advisor's first mutual fund, the Green Owl Intrinsic Value Fund. Huntington Asset Services' Valued Advisers Trust will provide back-office support and service for the Chicago-based investment firm's new fund.
"We are excited to work with an industry leader like Kovitz Investment Group," said Brian Blomquist, president, Huntington Asset Services. "Their proven track record in the equity space, along with their success in the investment management business, makes them a perfect fit for our growing Valued Advisers Trust series trust solution."
Marc Brenner, president, Kovitz Investment Group, said, "As we looked to launch our first mutual fund, we sought a partner who could help us bring our fund to market effectively and efficiently, while also providing a complete turnkey solution. Huntington Asset Services worked with us to develop the structure of the fund and collaborated with our team to ensure a successful launch later this year."
Huntington Asset Services is a leading provider of fund administration and accounting, as well as distribution and transfer agency services.
Kovitz Investment Group Kovitz Investment Group is a provider of best-in-class investment management and planning services for high net worth individuals and institutions throughout the United States. The Kovitz team, comprised of distinguished investment professionals, works together as one to provide personalized attention and performance over time for our clients through equity, fixed income, and alternative investments. Our private owner mentality and longer time horizon focuses on the preservation of capital primarily by investing in mid to large-cap companies believed to be significantly undervalued, with the goal of providing long-term capital appreciation of client assets through high risk-adjusted returns. As of September 30, 2011, Kovitz had assets under management of approximately US$1.8 billion. For more information, visit www.kovitzinvestment.com .
Huntington Asset Services Huntington Asset Services, Inc. has been providing mutual fund service solutions for more than 40 years. Huntington's fully integrated services include fund administration, accounting, transfer agency, compliance, distribution and custody for clients with combined assets of more than $45 billion. Huntington's comprehensive solutions support both standalone and turnkey series trust structures, as well as common investment trusts. Based in Indianapolis, Huntington Asset Services, Inc. and Unified Financial Securities, Inc. are wholly owned subsidiaries of Huntington Bancshares Incorporated, a $53 billion regional bank holding company headquartered in Columbus, Ohio. More information is available at www.HuntingtonAssetServices.com .
About Huntington Huntington Bancshares Incorporated is a $55 billion regional bank holding company headquartered in Columbus, Ohio. Huntington National Bank, founded in 1866, provides full-service commercial, small business, and consumer banking services; mortgage banking services; treasury management and foreign exchange services; equipment leasing; wealth and investment management services; trust services; brokerage services; customized insurance brokerage and service programs; and other financial products and services. The principal markets for these services are Huntington's six-state banking franchise: Ohio, Michigan, Pennsylvania, Indiana, West Virginia, and Kentucky. The primary distribution channels include a banking network of over 650 traditional branches and convenience branches located in grocery stores and retirement centers, and through an array of alternative distribution channels including internet and mobile banking, telephone banking, and over 1,300 ATMs. Through automotive dealership relationships within its six-state banking franchise area and selected other Midwest and New England states, Huntington also provides commercial banking services to the automotive dealers and retail automobile financing for dealer customers.
Huntington (R) and 24-Hour Grace (R) are federally registered service marks of Huntington Bancshares Incorporated. Huntington (R) Welcome (TM), Asterisk-Free Checking (TM), and Huntington Plus Checking (TM) are service marks of Huntington Bancshares Incorporated.
SOURCE: Huntington Bancshares Incorporated
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