The Party's at Capacity

On May 6 SouthernSun Asset Management [profile] unveiled plans to shutter its small cap equity strategy, including its five-star, $605.1-million SouthernSun Small Cap mutual fund, to new investors on May 17. The entire strategy, including separately managed accounts, boasted $2.28 billion in assets as of March 31.

They Grow Up So Fast!

On May 3 Strategic Asset Management's [profile] $32.3-million Strategic Latin America Fund celebrated its three-year anniversary.

Births

Morningstar reported in its "ETF Weekly" column that on May 1 Direxion [profile] debuted its Direxion Daily Bear 3x Shares and Direxion Daily South Korea Bear 3x Shares ETFs.

Last week First Trust [profile] launched its First Trust Senior Loan Fund.


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