Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A $200MM Fund Joins a New Family Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, October 22, 2012

A $200MM Fund Joins a New Family

Reported by Chris Cumming

The Ameristock Fund has been acquired by Drexel Hamilton Investment Partners and will be folded into the Drexel Hamilton Centre American Equity Fund, pending shareholder approval, according to an SEC filing.

The acquiring fund is managed by Drexel Hamilton and subadvised by Centre Asset Management, and it holds just over $24 million. So it will get a big AUM boost from its acquisition, which holds just under $200 million in AUM, according to Morningstar.

The Ameristock Fund was launched in 1995 and it is the only '40 Act strategy managed by Alameda, California-based Ameristock.

Drexel Hamilton did not respond to to MFWire's requests for comment, while an Ameristock representative said the firm had no comment.

Drexel Hamilton Investment Partners (not to be confused with the broker-dealer Drexel Hamilton ) is a New York City-based asset manager that also offers the $12.2 million Drexel Hamilton Centre Global Equity Fund and one hedge fund strategy in addition to the Centre American Equity Fund.

Both Drexel Hamilton and Ameristock are distributed by ALPS Distributors.

The filing states that the Ameristock board decided to reorganize the fund into Drexel Hamilton on September 19, and the shareholder meeting to vote on the change will be held on December 12. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use