Evermore Global Advisors Launches Two New Mutual Funds

February 22, 2010 (PLANSPONSOR.com) - Evermore Global Advisors, LLC has launched Evermore Global Value Fund and Evermore European Value Fund.

A press release said Evermore Global Value Fund invests in securities from markets around the world, including U.S. markets, and Evermore European Value Fund invests in securities from European markets. The funds will generally invest in mid- and large capitalization companies with market capitalization values greater than $1.5 billion and will typically hold its equity investments (other than investments in merger arbitrage situations) for substantial periods of time (more than one year).

According to the announcement, the funds generally do not focus on stock market and economic conditions or other macro factors, but instead seek to invest in companies believed to be both undervalued and undergoing strategic change – such as changes in management, restructurings, spin-offs and downsizings – and to take advantage of those opportunities through investments across the capital structure.

The funds are available in three classes of shares: A, C and I, all of which have an annual management fee of 0.99%. Other fees associated with each share class can be found in the Evermore Funds’ prospectus. The minimum initial investment for Class A and Class C shares is $5,000 (or $2,000 for IRA accounts), and the minimum investment for the Class I shares is $1,000,000.

The mutual funds are managed by David Marcus, who previously managed assets for Franklin Mutual Advisers, LLC, as well as other investment management firms, and Jae Chung, who previously managed assets for Franklin Mutual Advisers, LLC and Davis Advisors.

More information is available by calling 866-383-7667 or at http://www.evermoreglobal.com.