Nations Funds, the $85 billion fund family of
Banc of America (
BAC),
has launched a new all-cap growth fund, the
Nations Marsico 21st Century Fund, sub-advised by
Marsico Capital Management, the Charlotte North Carolina-based firm announced today.
The new fund will be managed by
Jim Hillary, a founding member of Marsico Capital Management, who will concentrate the aggressive growth fund in 35 to 50 securities, primarily those taking "leadership roles in the transition to a new, information- based global economy."
Tom Marsico said that the new fund is a logical extension of its research process which involves investigating the "competitors, suppliers and customers of the primarily large-cap companies in which its funds invests," uncovering opportunities which the new fund will invest in.
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