The fund has been closed to new investors since February of 2000, according to the announcement.
“The portfolio management team is finding what they believe are compelling investment opportunities. This combined with lower assets in the fund, as a result of the down turn in the market, drove our decision to re-open the fund to new investors,” said Jeff Kautz, Chief Investment Officer of Perkins, in the announcement.
Perkins appointed Justin Tugman, an analyst with the firm, as a co-portfolio manager of Perkins Small Cap Value Fund and related strategies. Tugman, who has more than eight years of professional money management experience, joins long-time co-portfolio managers Bob Perkins and Todd Perkins in managing the small cap value products offered by Perkins.
Prior to joining Perkins, Tugman was an energy sector analyst at Simmons & Company International.