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Rating:A Boutique Manager Hits $16B Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, June 18, 2013

A Boutique Manager Hits $16B

Reported by Tommy Fernandez

Montage Investments [profile] has hit a major milestone.

The firm, and its affiliated 15 boutiques, reported that its combined AUM have increased to more than $16 billion. This reflects an increase of more than $3 billion in just five months, following $4 billion of growth in 2012.

Moreover, a number of Montage-affiliated asset managers have reached some milestones, particularly Nuance Investments, Convergence Investment Partners and Tortoise Capital Advisors.

They include:

  • The Convergence Core Plus Fund received a 5-Star Overall Morningstar RatingTM versus 1,409 funds in the Large Blend category for the period ending May 31, 2013 (derived from a weighted average of the fund’s three-, five- and ten-year risk adjusted return measure, if applicable).
  • Tortoise Capital Advisors recently launched its second mutual fund – the Tortoise North American Energy Independence Fund (TNPTX). The latest fund complements Tortoise’s first mutual fund – the Tortoise MLP & Pipeline Fund (TORTX/TORIX), which was ranked in the top percentile of the Morningstar Equity Energy category out of 118 funds for the one-year period ending March 31, 2013, based upon total returns.

    Below is the press release:
    Company Press Release

    Montage Investments Surpasses $16 Billion, Receives Industry Recognition, Expands Distribution Team and Launches Mutual Fund

      Firm attributes recent growth to investors’ need for boutique asset managers and alternative investments  

    Leawood, Kan. – June 18, 2013 – Montage Investments today reported that assets at the firm’s affiliated investment managers have increased to more than $16 billion. This reflects an increase of more than $3 billion in just five months, following $4 billion of growth in 2012.

      In addition, several Montage-affiliated asset managers recently achieved significant milestones, particularly Nuance Investments, Convergence Investment Partners and Tortoise Capital Advisors, as noted below:

      ·         The Nuance Concentrated Value and Nuance Mid Cap Value Strategies both received 5-Star Overall Morningstar RatingsTM versus 407 separate accounts in the Large Value category and 120 separate accounts in the Mid-Cap Value category, for the period ending March 31, 2013 (derived from a weighted average of the fund’s three-, five- and ten-year risk adjusted return measure, if applicable). Both strategies have also achieved PSN Informa Top Guns Status multiple times.

      ·         The Convergence Core Plus Fund received a 5-Star Overall Morningstar RatingTM versus 1,409 funds in the Large Blend category for the period ending May 31, 2013 (derived from a weighted average of the fund’s three-, five- and ten-year risk adjusted return measure, if applicable).

      ·         Tortoise Capital Advisors recently launched its second mutual fund – the Tortoise North American Energy Independence Fund (TNPTX). The latest fund complements Tortoise’s first mutual fund – the Tortoise MLP & Pipeline Fund (TORTX/TORIX), which was ranked in the top percentile of the Morningstar Equity Energy category out of 118 funds for the one-year period ending March 31, 2013, based upon total returns.

      According to Gary P. Henson, CFA, CFP®, president and chief investment officer of Montage, “The recent growth and recognition achieved by our affiliated managers illustrates a shared commitment to delivering institutional investments that serve client needs above all else. At Montage, we will continue to support our boutique managers’ success by providing resources that allow them to focus on delivering innovative, relevant investments with few distractions. That is why we continue to enhance our distribution team by adding top industry talent.”

      Montage’s distribution team is now comprised of 37 professionals who serve as a sales and marketing resource to more than 200 associates employed across the firm’s investment management affiliates. Collectively, the Montage family is comprised of 15 investment managers, offering seven mutual funds and seven closed-end funds, in addition to more than 25 separately managed account strategies.

      “As we continue to grow, we will remain focused on delivering boutique asset managers and alternative investments to financial advisors and their clients,” said Henson.

      About Montage Investments

    Montage Investments offers a distinct collection of institutional investment managers delivering complex strategies across global asset classes, based on decades of experience. Collectively, Montage affiliates manage more than $16 billion, including nearly $2 billion across seven mutual funds. The Montage approach empowers independent investment managers with an array of sophisticated capabilities to help better serve their clients.

    Visit www.montageinvestments.com.  
      

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