This Private Equity Shop Is Still Looking For the Perfect Match For Mutual Fund Distro
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Thursday, June 23, 2016

This Private Equity Shop Is Still Looking For the Perfect Match For Mutual Fund Distro

A private equity shop in Connecticut is on the hunt for the right distribution solution for its mutual funds. Meanwhile, those two mutual funds are approaching a big milestone.

David Bechtel
Barrow Street
In August Stamford-based Barrow Street Advisors' $34.6-million Barrow Value Opportunity Fund and its $38.4-million Barrow Long/Short Opportunity Fund will both hit their three-year track record marks as mutual funds. Both funds are powered by Ultimus Fund Solutions, and both previously existed in hedge fund form. The Barrow folks specialize in picking high quality stocks at attractive valuations.

Barrow Street also advises a mid cap portfolio in the form of a UIT, Barrow American Top 40, that is sponsored by Guggenheim. And this week Barrow Street launched a fourth strategy, Barrow Mid Cap Select, in SMA form only. Yet they might make a mutual fund out of that, too.

David Bechtel, one of the three principals at Barrow Street Advisors (and at its private equity affiliate, Barrow Street Capital, which launched in 1997), says that they are "looking for distribution solutions but haven't found the perfect match yet." BSC launched BSA's first two mutual funds in 2013 with about $8 million in AUM, and now BSA has about $100 million in AUM.

"In the meantime we're out there talking to guys ourselves, getting the story across" Bechtel tells MFWire, adding that they target independent RIAs, especially those with their own research departments. "We appeal to folks have a deep background in manager selection."

"We've got a ton of capacity," Bechtel adds.

Printed from:

Copyright 2016, InvestmentWires, Inc.
All Rights Reserved
Back to Top