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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