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Rating:New Player: Granite Readies its Mutual Fund Debut Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, December 16, 2011

New Player: Granite Readies its Mutual Fund Debut

Reported by Armie Margaret Lee

Granite Investment Advisors is gearing up to launch its first mutual fund: Granite Value Fund.

In a filing with SEC Granite executives revealed that the fund will come with an expense ratio of 135 basis points.

Scott Schermerhorn, CEO and CIO of Concord, New Hampshire-based Granite Investment Advisors, will PM the fund.

The filing lists Huntington Asset Services as the transfer agent, fund accountant and administrator, Huntington National Bank as custodian, Unified Financial Securities as distributor, Cohen Fund Audit Services as independent registered public accounting firm, and John H. Lively & Associates, Inc. as legal counsel.

Founded in 1983, Granite Investment Advisors manages money for individuals, corporations and non-profit institutions. 

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