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 |
|
Monday, October 10, 2016 Last Month a Four-Star Low Vol Fund Shut Down A four-star, five-year-old low volatility equity mutual fund just shut down.
Terry Lee, president and CEO of Honolulu-based Lee Financial Group, did not respond to requests for comment. The tactical fund, which had about $46.05 million (Google Finance estimates) in AUM, first launched on June 10, 2011 as the First Pacific Low Volatility Fund. The First Pacific mutual funds rebranded as the Lee Financial mutual funds on October 1, 2014, and the low volatility fund rebranded accordingly. Lee Financial Group also continues to offer its three-star, 28-year-old, $174.2-million Hawaii Municipal Fund. As Lee Financial Group's most recent form ADV filed on September 30, 2016, the firm has about $321 million in AUM. Printed from: MFWire.com/story.asp?s=54951 Copyright 2016, InvestmentWires, Inc. All Rights Reserved |
