is launching a pair of international mutual funds after making its first equity boutique acquisition.
| Reik Read|
Baird Investment Management
Director, Managing Director
, managing director of Baird Investment Management (the equity side of Baird's asset management business), confirms
that last week they debuted the Chautauqua Global Growth Fund
and the Chautauqua International Growth Fund
. These are the first Baird
] funds powered by its freshly-acquired boutique, Chatauqua Capital Management.
In November, Milwaukee, Wisconsin-based Baird unveiled
a deal to buy Boulder, Colorado-based Chautauaqua, and that deal closed on January 15.
"The integration is largely complete," Brian Beitner
, managing partner and CEO of Chautauqau, tells MFWire
. "It's gone better than I had hoped for."
"They were very clear that they wanted us to maintain our autonomy as investors, so we've been doing exactly that," Beitner adds. "I've been able to extricate myself from a lot of the running-the-business stuff [to focus on investing]."
"They have a time-tested approach that has worked for 10 years," Read tells MFWire
, pointing to Chautauqua's decade of managing institutional assets in commingled funds and SMAs.
Chautauqua specializes in international investing for the long-term, in low turnover portfolios.
"The non-U.S. markets are a lot less efficient ... The median manager has nicely and consistently outperformed," Beitner says. "Our approach is advantaged."
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