MutualFundWire.com: 10 Years, 5 Stars, $937.5MM In AUM

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Tuesday, February 1, 2022

10 Years, 5 Stars, $937.5MM In AUM

The team at a Midwestern liquid alts shop recently celebrated a big milestone for one of their mutual funds.

Kevin Michael Kinzie
LoCorr Fund Management, LoCorr Distributors
CEO

On January 1, the LoCorr Long/Short Commodities Strategy Fund reached its 10-year anniversary, confirms Kevin Kinzie, CEO of Minneapolis-based LoCorr Funds [profile]. All three of the fund's share classes (class A, C, and I) launched on January 1, 2012, and the fund now has $937.5 million in AUM, according to Morningstar. (The I shares also have a five-star rating from the M* folks.)

"This longevity is a testament to our distinct multi-manager investment philosophy that sets us apart in the industry and reaffirms our commitment to providing our clients not only with strong diversification benefits but also a positive investment experience," Kinzie states.

Jon Essen, chief financial officer of LoCorr Fund Management, LLC, has been a PM on the fund since inception. Sean Katof, senior vice president at LoCorr, joined the fund's PM team in 2016.

Nuveen Asset Management, LLC subadvises the fund, handling its fixed income strategy. Tony Rodriguez, portfolio manager at Nuveen, has been a PM on the fund since 2017. And Peter Agrimson, portfolio manager at Nuveen, joined the fund's PM team in 2018.

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