The investment team at Lockwell Investments
, specialists in small and mid-value cap portfolios, is joining up with a larger firm, according to Lockwell's head Richard Glass
The merger is expected to take place within a month. Glass declined to say which larger firm his team was joining.
As a result of the merger though, Lockwell will cease to exist. According to an SEC filing
, shop's sole mutual fund, the Lockwell Small Cap Value Fund
(LOCSX), will also be terminated.
Glass is a veteran of the small and mid-cap space, having served for ten years as a managing director at Morgan Stanley
, and also serving as a senior analyst for three years at Neuberger Bergman
Glass will make the announcement regarding the larger firm he is joining in a month.
Karishma Patel contributed to this story
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