A New Direction for Century Funds

Century Capital Management, which manages one of the industry's oldest mutual funds, is ready to use three new strategies to grow its small niche firm in the 21st Century.

The Boston-based firm, whose flagship mutual fund dates back 74 years, and whose second and only other mutual fund was launched 71 years later, just 2-1/2 years ago, is seeking to expand beyond its niche as an old world manager of financial service stocks. The three strategies the firm will use include focusing on managed accounts, sub-advising funds and partnering with an outside distributor to sell a hybrid interval fund.