is making several changes to beef up distribution of his mutual funds, especially through RIAs.
Last week Los Angeles-based Huber Capital Management [profile]
revealed the retention of third-party marketing firm Havener Capital Partners
(led by Stacy Havener
) and the addition of institutional shares to both of its mutual funds.
"We believe that it's time to increase our visibility within the financial intermediary space," stated Huber, CEO and chief investment officer of the value asset manager. "Havener is helping us structure our funds appropriately and create the necessary due diligence materials for RIAs."
Huber lays claim to two five-star funds, both launched in 2007. The Small Cap Value Fund
now boasts $13.4 million in assets, and the Equity Income Fund
holds $7.8 million.
Company Press Release
LOS ANGELES, CA – Huber Capital Management, LLC which was founded in 2007 by Joe Huber, former portfolio manager at Hotchkis & Wiley, has retained third party marketing firm Havener Capital Partners LLC to lead the sales and marketing effort of their mutual funds in the Registered Investment Advisor channel.
Huber Capital chose Havener as an outsource partner to expand distribution of the Huber Equity Income and Huber Small Cap Value Funds, which launched in mid-2007. Huber Capital Management was named the Small Cap Manager of the Year for 2010 by Emerging Manager Monthly and has heretofore focused their marketing toward institutional investors which comprise the bulk of their approximately $700 million in assets under management.
“We believe that it’s time to increase our visibility within the financial intermediary space” said Huber Capital Management CEO/CIO Joe Huber. “Havener is helping us structure our funds appropriately and create the necessary due diligence materials for RIAs while our primary focus at Huber continues to be striving to generate superior returns for our investors.”
The mutual funds have undergone an operational restructure in anticipation of the partnership with Havener. Huber launched an institutional share class of both their large cap value and small cap value strategies and lowered the expense ratio of their existing small cap investor share class. Havener will begin introducing the strategies to RIAs at a time when active managers have struggled to beat their benchmarks, especially in the large cap space.
“It’s a challenging time for investors right now,” said Stacy Havener, President of Havener Capital Partners, “and after significant due diligence, we believe that Huber has an investment process that has the potential to consistently deliver. We are always on the look-out for managers who have left quality investment firms to launch their own shops, and Huber has both a distinct break-away story and a compelling investment process which will be interesting to RIAs.”
For more information about the Huber Funds, please contact:
Havener Capital Partners
Founded in 2007, Huber Capital Management, LLC brings together an experienced group of portfolio managers committed to a disciplined, value-based investment process. Huber is an employee-owned firm based in Los Angeles, CA. Huber’s website address is: www.hubercap.com.
Havener Capital Partners LLC provides sales and marketing services to a select group of high quality investment management firms. Havener helps investment managers maximize their distribution efforts in the RIA channel. Havener Capital Partners is based in Providence, RI. More information is available at: www.havenercapital.com.
Emerging Manager Monthly announced the winners of the 5th Annual Emerging Manager Awards in April of 2011. Huber Capital Management won Small-Cap Manager of the Year for 2010. The seven winners were selected by compiling the opinions of a highly respected pool of industry experts using both quantitative and qualitative measures across the equity and fixed-income spectrums. The award categories were large-cap, mid-cap, small-cap, small- to mid-cap, all-cap, international equity and core fixed-income. Each winner was competing with two other finalists for the awards. Finalists were selected using a quantitative screening process in conjunction with eVestment Alliance. In all 381 firms were considered for the awards.
You should consider the Huber Funds’ investment objectives, risks and charges and expenses carefully before you invest. The Funds’ prospectus, which can be obtained by calling 1-888-482-3726 (888-HUBERCM), contains this and other information about the Funds. Please read the prospectus carefully before you invest.
Mutual Fund investing involves risk, loss of principal is possible. The Funds may invest in foreign securities which involve political, economic and currency risks, greater volatility, and differences in accounting methods. Additionally, the funds are subject to concentration risk, meaning they may concentrate their assets in companies within the same or related industry. Therefore, the Funds are more exposed to volatility within that industry than a fund that was not concentrated. The Huber Capital Small Cap Value Fund will invest in smaller companies, which involve additional risks such as limited liquidity and greater volatility than large capitalization companies.
The Huber Funds are distributed by Quasar Distributors, LLC
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