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Tuesday, January 10, 2012

Ranger Joins the Fund Fray

Reported by Hung Tran

There's a new mutual fund player in Big D. Dallas-based Ranger Capital Group has launched a pair of mutual funds via a series trust format, with plans for additional offerings later this year.

Scott Canon, president, told the MFWire that the firm is looking to launch two more mutual fund series later in the year. Those funds would cover an international equity and a mid-cap domestic strategy.
He also said that the firm is currently in talks to place its funds on various platforms such as Pershing and TD Ameritrade, and that the firm may hire additional sales and marketing personnel to support its fledgling mutual fund business.
The two just-launched mutual funds are the Small Cap Fund, which is PMed by Conrad Doenges and Quest for Income and Growth Fund, which is PMed by William Andersen.
The firm launched series in response to inquiries from its institutional clients and the consulting community.
"We had a number of requests from our pension and insurance clients for these products last year," explained Canon. "We've been doing this for 20 years for institutional clients."


Company Press Release Ranger Capital Group, a platform for a number of institutionally-oriented investment management firms, today announced the launch of the following two new mutual funds:

The firm launched the mutual fund series in response to inquiries from Ranger's institutional clients and the consulting community.

Ranger Investment Management, L.P. serves as investment adviser to the Small Cap Fund and Ranger International Management (TX), LP serves as investment adviser to the Quest for Income and Growth Fund. The advisers provide investment management services to individuals and institutional investors such as pooled investment vehicles, governmental entities and the Funds. As of December 31, 2011, the advisers had approximately $1.2 billion in aggregate assets under management. Each Ranger Portfolio Manager has more than 20 years of investment management experience.

The Ranger Small Cap Fund is managed by Conrad Doenges and his seasoned team of investment professionals. The Ranger Small Cap Fund seeks long-term capital appreciation by managing risk and preserving capital by investing in growth-oriented U.S. exchange traded equities of small capitalization companies. Ranger's investment team employs a disciplined, consistent approach to both security selection and risk management. The investment team searches for quality growth companies by implementing a bottom-up, fundamental research driven security selection process. The focus in the research process is on identifying small capitalization domestic equities characterized by accelerating revenue and earnings growth, high recurring revenues, strong balance sheets and free cash flow generation.

The Ranger Quest for Income and Growth Fund is managed by William Andersen, CFA and his seasoned team of investment professionals. The Ranger Quest for Income and Growth Fund seeks long-term growth of capital while providing current income by investing globally in an array of high yielding securities, primarily equities, which provide meaningful current income combined with the potential for capital appreciation. To achieve the fund's objectives, the Ranger team employs a bottom-up, fundamental research approach to investing in high yielding equities, convertible and preferred securities, closed-end bond funds, master limited partnerships and real estate investment trusts that it believes will provide returns balanced between income and capital appreciation.

There is no guarantee the Ranger Funds will achieve their investment objectives. An investment in the Ranger Funds is subject to risk, including the possible loss of principal amount invested. Additional risks associated with the Funds include, but are not limited to, market risk, equity risk, small and mid cap risk, early closing risk, liquidity risk and trading risk. Before investing you should carefully consider the Ranger Funds' investment objectives, risks, charges and expenses. This and other information is available in the Prospectus, a copy of which may be obtained by calling (866) 458-4744 or on-line at www.rangerfunds.com . Please read the Prospectus carefully before you invest.
 

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