A New England mutual fund shop with $6.16 billion in AUM just bought an emerging markets asset manager on the other side of the country.
Per multiple filings with the SEC (here
, and here
), on June 30 Burlington, Vermont-based Champlain Investment Partners
] bought Irvine, California-based New Sheridan Advisors
. There's no word yet on pricing and terms of the deal.
Champlain appears to be significantly larger than New Sheridan. As of March 31, Champlain claimed $6.16 billion in AUM. Per Champlain's most recent form ADV
filed on February 27, it has about 25 employees, not including any clerical workers.
Per New Sheridan's last form ADV
, filed on March 10, it has three employees, again not including clerical staff, and $84.2 million in AUM.
Champlain's website lists
a dozen partners in the firm, led by two managing partners: chief investment officer Scott Brayman
and chief operating officer Judith O'Connell
. New Sheridan's website
lists two executives, both PMs: Russell Hoss
and Richard Hoss
In terms of mutual funds, per BrightScope
New Sheridan had $2.8 million in mutual fund AUM as of May 2015. Morningstar
estimates that the New Sheridan Developing World Fund
has about $2.6 million. And New Sheridan also subadvises three of Euro Pacific Asset Management's seven
As for Champlain, per BrightScope
the Vermont-based mutual fund shop had $2.23 billion in mutual fund AUM as of last month. $1.5 billion of that, per Morningstar
, is in the four-star, silver-rated Champlain Small Company Fund
Neil Anderson, Managing Editor
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