“The SMID Cap Value Strategy will be managed as a distinct investment portfolio which will seek to provide superior risk and return characteristics relative to the Russell 2500 indices,” said Kathryn A. Vorisek, FMA’s Chief Investment Officer and Small/SMID co-portfolio manager, in a press release. “Naturally, there will be some overlap between FMA’s small cap and SMID cap portfolios, but that overlap will be managed at a level that ensures meaningful distinction between the two strategies.”
Along with co-portfolio manager Leo Harmon, the Small/SMID team will seek to identify attractive stocks in a market cap range of $200 million – $10 billion.
“Clients are looking for alpha-generating opportunities in domestic equities, and our SMID Cap strategy gives them another way to capitalize on the inefficiencies in the small-mid cap market,” Vorisek said.