Launches Small-Cap Value Mutual Fund
(LEOLA, PA) – Emerald Asset Management, Inc., an investment management holding company with approximately $3.4 billion in assets under management, is pleased to announce that its Emerald Mutual Fund Advisers Trust subsidiary has completed the acquisition of the former Elessar Small-Cap Value Fund into the new Emerald Small-Cap Value Fund, effective today.
Emerald purchased the assets and hired the senior staff of Elessar Investment Management, LLC in February of this year. Following a shareholder vote, the Elessar Fund was acquired into the new Emerald Fund as of today. The Emerald Small-Cap Value Fund (NASDAQ: LSRIX) is managed by Rick Giesen and Ori Elan, who have managed the assets since the Elessar Fund’s inception in October, 2012. Mr. Giesen serves as Emerald’s Managing Director – Value Equity Strategies and Mr. Elan as Vice President – Portfolio Manager. The Fund is available in four share classes to individual and institutional investors.
“Ori and I look forward to bringing our combined thirty-eight years of investment industry experience to the Emerald Funds,” said Mr. Giesen. “We welcome the Small-Cap Value Fund shareholders to the growing Emerald Mutual Funds family,” said Joseph E. Besecker, chairman and CEO of Emerald Asset Management. “Rick Giesen and Ori Elan share our passion for research-based small-cap portfolio management, bringing a compelling value-oriented strategy to our firm,” said Emerald Mutual Fund Advisers Trust chief investment officer Kenneth G. Mertz II, CFA.
The Emerald Small-Cap Value Fund joins the Emerald Growth Fund, Emerald Banking & Finance Fund and Emerald Insights Fund. Emerald’s first fund – the Growth Fund – commenced operations in October, 1992. All of the Emerald Funds focus on inefficient markets where Emerald’s active management and fundamental research-based investment strategies can exploit under-recognized potential investment opportunities.
Emerald is headquartered in Leola, Pennsylvania and also maintains offices in King of Prussia and Pittsburgh, Pennsylvania, Oceanside, California, and Cleveland, Ohio.
Founded in 1991, Emerald Asset Management, Inc. is a diversified investment management holding company that operates through its wholly-owned subsidiaries Emerald Advisers, Inc., Emerald Separate Account Management, LLC and Emerald Mutual Fund Advisers Trust, and subsidiaries Emerald Fixed Income Advisers, LLC and Emerald Direct Lending Advisers, LLC. Assets managed by these companies totaled approximately $3.4 billion as of March 31, 2015. “Driven by Research,” Emerald employs an intense fundamental, research-focused investment philosophy and focuses primarily on growth- and value-oriented equity investing and high-quality disciplined income-oriented investing.
This is presented for informational purposes only and shall not be construed as an offer to enter into any form of investment or transaction. An investor should consider investment objectives, risks, charges and expenses carefully before investing. A prospectus with this and other information about the Emerald Mutual Funds may be obtained by calling 855-828-9909 or by downloading one at www.emeraldmutualfunds.com. It should be read carefully before investing. Emerald Mutual Funds are distributed by ALPS Distributors, Inc.
Emerald Asset Management, Inc.
Emerald Advisers, Inc.
Emerald Mutual Fund Advisers Trust
Emerald Separate Account Management, LLC
Emerald Fixed Income Advisers, LLC
Emerald Direct Lending Advisers, LLC
3175 Oregon Pike
Leola, PA 17540