MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, September 19, 2001 Harbor Fund Steers New Course The Harbor Fund Board of Trustees is making some changes to the Harbor Value Fund (HAVLX). Those changes include a shift in the investment objective, tapping a new portfolio manager, and a rethinking of the portfolio's strategies. The fund will continue its tradition of focusing on long-term returns with a value-oriented approach, but it will invest in companies with capitalizations of 5 billion or more. The board has appointed Armstrong Shaw Associates (headquartered in New Canaan, Connecticut) which will now subadvise the fund starting September 20, 2001. "We welcome Jeff Shaw and his team to the Harbor family. They have an excellent track record and we believe they are well suited to serve the Fund's shareholders in the large cap value style. At the same time, we thank DePrince, Race & Zollo and Richards & Tierney for effectively managing the Harbor Value Fund in the previous style over the last seven years," stated James Williams, president at the Harbor Fund. The fund will also be renamed the Harbor Large Cap Value Fund in keeping with the modifications. There will be no increase in the fund's advisory fee rate as a result of these changes. Printed from: MFWire.com/story.asp?s=26891 Copyright 2001, InvestmentWires, Inc. All Rights Reserved |