Natixis Unveils Mid-Cap Value Fund
According to an announcement, the fund, a concentrated portfolio of approximately 25 small- and mid-cap value stocks managed for capital appreciation, is managed by portfolio managers Vincent Sellecchia, J. Dennis Delafield, Charles Neuhauser and Donald Wang.
Sellecchia and Delafield have also co-managed the Delafield Fund since its inception in 1993. Delafield Asset Management is a division of Reich & Tang Asset Management, the investment manager for the fund.
The fund has been launched after acquiring the assets and liabilities of the Reich & Tang Concentrated Portfolio, L.P. Sellecchia has been a manager of the Concentrated, L.P. since its inception in 1998; Neuhauser and Wang since 2003; and Delafield since 2005. According to the announcement, the Delafield Select Fund has a substantially similar investment strategy to the Concentrated, L.P. but is a registered ’40 Act mutual fund and offers A, C and Y shares.
Natixis Global Associates (NGA) is the distribution arm of Natixis Global Asset Management. Headquartered in Paris and Boston, Natixis Global Asset Management’s assets under management totaled $890 billion (€564 billion) as of June 30, 2008. You can find out more at http://www.ga.natixis.com