Former AMG Subadvisor Shutters In-House Fund Line

About a year after being removed from two AMG funds, Friess Associates plans to shutter its three mutual funds. “It was probably the quickest way to get back into the market to replace some of the assets lost from the AMG decision,” said Jeff Strange, relationship manager at FUSE Research. “However, launching U.S. equity mutual funds is a difficult proposition in an asset class that is so competitive and pressured by passive funds.”

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Article published on April 25, 2022