Huntington Asset Services has been appointed to help two investment firms to launch new mutual fund offerings.
BRC Investment Management, which has approximately $514 million in assets under management, appointed Huntington to help with the launch of the BRC Large Cap Focus Equity Fund, an open-ended fund that seeks to achieve long-term capital appreciation that exceeds the S&P 500 Index. The fund invests in 30-35 sector-diversified equity securities within the range of the market capitalizations of the companies in the Index.
"Huntington Asset Services has helped guide us through the numerous operational requirements that launching a mutual fund entails so we can focus on giving our customers the very best solutions to their financial situations," says John R. Riddle, CFA, managing principal and CIO for BRC Investment Management.
Mitchell Capital Management, which has about $636 million in assets under management, appointed Huntington to service the Mitchell Capital All-Cap Growth Fund, which seeks capital appreciation and invests primarily in a portfolio of diversified common stocks.
"The decision to select Huntington Asset Services for the launch of our mutual fund was based on their long history of mutual fund management, their experienced team of professionals and their attention to every aspect of mutual fund support," says Jonn Wullschleger, vice president and portfolio manager for Mitchell Capital Management. "The Valued Advisers Trust gave us a streamlined approach to successfully launch our fund and deliver the customer-centric performance our clients have come to expect from us."
Joseph Rezabek, president of Huntington Asset Services, says: "With the launch of a new mutual fund, it is critical that the adviser be able to rely on experts who can navigate the fund through the many operational and regulatory issues that arise. Huntington Asset Services brings years of such expertise to its clients so that firms such as BRC and Mitchell can focus on servicing their customers."