Cove Street Capital
has joined the ranks of mutual fund sponsors. The El Segundo, California-based firm is now the investment adviser of a mutual fund
that it used to sub-advise.
Cove Street took over from City National
as the investment adviser of the CSC Small Cap Value Fund
on January 27. The fund has $21 million of AUM.
has managed the fund since September 30, 1998, starting from when he was with
Reed Conner & Birdwell
, LLC. Last July, Bronchick launched
Cove Street Capital.
In January, Cove Street hired Greg Farber
as director of institutional marketing and client service. Farber's mandate is to pitch the fund to institutional investors, consultants and RIAs.
U.S. Bancorp Fund Services, LLC
is the fund's administrator, accountant, and transfer agent;
Quasar Distributors, LLC
is the distributor and U.S. Bank N.A.
is the custodian.
Cove Street is also one of the sub-advisors of the Litman Gregory Masters Select Smaller Companies Fund
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