Loomis, Sayles & Company is closing its Loomis Sayles Small Cap Growth Fund (LCGRX) to new investors on September 14. The fund, co-managed by John Slavik and Mark Burns, was launched Dec. 31, 1996 and has $760 million in assets as of Aug. 29.
According to the firm, the close was initiated "to preserve the investment team's flexibility in executing the strategy."
"Our small cap growth team has delivered above average performance for shareholders since assuming portfolio management responsibility in 2005 and the market has responded accordingly," stated Robert Blanding, chief executive officer of Loomis, Sayles & Co. and president of the Loomis Sayles Funds. "Ensuring that their ability to effectively serve our clients' investment needs remains uncompromised is our foremost priority".