Privately held investment bank AH Lisanti Capital Growth Monday announced the launch of the Adams Harkness Small-Cap Growth Fund, a joint offering that will be managed by veteran fund skipper Mary Lisanti.

The focus of the fund is to seek capital appreciation by buying small-cap growth stocks. Lisanti’s approach combines fundamental research with a thematic trend analysis to help identify and invest in small companies. The no-load fund will use the Russell 2000 Growth Index as its benchmark and sport a net annual expense ratio of 1.65%

"Small-cap stocks have always appealed to me as an unique investment class. They have great potential to bring something new to market and have traditionally been under-researched," said Lisanti, portfolio manager and president of AH Lisanti Capital Growth.

Lisanti has 25 years of experience in the financial markets and has particular expertise in running growth-oriented strategies. Prior to taking the reins at AH Lisanti, she was chief investment officer at ING Investments overseeing its equity mutual funds.

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