The biggest shift was among the Brandywine Advisors fund that had a previous minimum investment of $100,000 compared to a $25,000 minimum for Brandywine and BrandywineBlue. These were outliers in an industry where many funds requireminimums of between $1,000 and $2,500, according to a Friess Associates news release.
“Over the years, many folks asked that we lower the minimum investment for the Brandywine Funds as they were among the highest in the industry,” said Chief Executive Officer Bill D’Alonzo. “We believe the new minimum is high enough to encourage long-term investing while more accommodating for individuals looking to harness our research-driven approach.”
Friess Associates, founded in 1974, manages more than $6 billion in the Brandywine, Brandywine Blue and Brandywine Advisors mutual funds, as well as separately managed portfolios.