The Stork delivered four new funds today.
William Blair will offer the
International Leaders Fund, which will seek long-term capital appreciation. The fund will be managed by
W. George Greig and
Kenneth J. McAtamney. [
SEC Filing]
MassMutual is offering three new funds: the
S&P Mid Cap Index Fund, which seeks investment results comparable to the performance of the
S&P MidCap 400 Index; the
Russell 2000 Small Cap Index Fund, which seeks investment results comparable to the performance of the
Russell 2000 Index; and the
MSCI EAFE International Index Fund, which seeks results comparable to the performance of the
MSCI EAFE Index. All three funds will be subadvised by
Northern Trust Investments.
Brent Reeder serves as the PM for the
S&P Mid Cap Index Fund and the
Russell 2000 Small Cap Index Fund, while
Shaun Murphy serves as PM for the
MSCI EAFE International Index Fund. In a phone interview with
MFWire, MassMutual investment director
Rick Schulitz explained that Northern Trust was chosen as the subadviser because of the firm's extensive experience in the mutual fund space and MassMutual's existing relationship with them. These three new funds are being offered to meet the needs of plan sponsors. [
SEC Filing]
The Reaper continued to claim one fund a day.
Touchstone will close and liquidate its
Touchstone Intermediate Fixed Income Fund, pursuant to a unanimous vote by its board of trustees on July 25. The fund is closed to new investments as of the close of business today, July 26. It will close and liquidate on or about August 27. [
SEC Filing]
Meanwhile, other funds experienced PM changes.
There might be a reshuffling in
T2 Partners Management LP's future.
Glenn Tongue will serve as the sole PM for the
Tilson Focus Fund, as
Whitney Tilson, founder of Tilson Mutual Funds, reduces his involvement in the managing of the fund. Tongue and Tilson ran the fund together since its inception in 2005. The
Focus Fund's objectives and strategy will remain unchanged. In a phone interview with
MFWire, Tilson Funds consultant
Rick Schumacher explained that Tilson's reduced involvement is due to his increased focused on managing hedge funds. [
SEC Filing]
Matrix Capital Group has lost a PM on the
USX China Fund.
Ryan Jenkins resigned from his role as fund PM on July 20. He managed the fund with co-PM
Christopher Anci, who will now be the sole fund PM. [
SEC Filing]
CRM Funds has made additions to its team of PMs on two funds.
Jonathan Ruch joined the
CRM Small/Mid Cap and
Thad Pollock joined the
CRM Mid Cap Value Fund. [
SEC Filing] 
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