San Francisco-based Forward Management
is launching a new multi-manager small-cap fund. The Forward Legato Fund
will be subadvised by three asset managers.
"We have identified best-in-class, emerging small cap portfolio managers who seek to provide alpha utilizing growth, value and core styles," said Alan Reid, President of Forward Funds. "In addition, the multi-manager approach offers manager diversification and enhanced investment capacity for the Fund."
Mark A. Thompson will lead a team three analysts from Riverbridge Partners
to invest a portion of the fund's assets in growth stocks. The value style portion of the portfolio will be overseen by Jeffrey W. Netols at Netols Asset Management
. The final subadvisor on the fund is Conestoga Capital Advisors
, which has assigned William Martindale, Jr. and Robert M. Mitchell to select stocks according to a core style.
The broker-sold fund will offer class A shares with an initial sales load of 4.75 percent and a minimum initial investments of $2,500 for non-retirement accounts; $1,000 for retirement and education savings accounts and $500 for Automatic Investment Plan investments.
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