MutualFundWire.com: Frontegra Crosses the Atlantic for a Emerging Markets Subadvisor
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Friday, October 1, 2010
Frontegra Crosses the Atlantic for a Emerging Markets Subadvisor
Frontegra has traveled across the Atlantic to tap a subadvisor for a new fund. Northbrook, Illinois-based Frontier Partners, which sponsors the Frontegra Funds family is adding the Frontegra Hexam Emerging Markets Fund even as it is also reorganizing its existing funds into a new series branded as Frontegra Funds, Inc.
The plans for the new emerging markets fund were revealed in an SEC filing made on Friday that outlined the subadvisory agreenent between Frontegra Asset Management, Inc. and London-based Hexam Capital Partners LLP []. Under the agreement Hexam will be paid 75 basis points to subadvise the emerging markets fund.
Hexam sponsors its own Global Emerging Markets Fund in London that is registered in the United Kingdom. It also offers the International Hexam Global Emerging Markets Fund that is based in London. Bryan Collings acts as portfolio managers for both of the European funds. The SEC filing for the Frontegra fund did not identify a portfolio manager.
Meanwhile, Frontegra has also asked shareholders of its Phocas Small Cap Value Fund to vote on a reorganization that would place the fund into the newly organized Frontegra Funds, Inc. series trust [SEC filing]
Printed from: MFWire.com/story.asp?s=33609
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