Aristotle Capital Management, LLC, a registered investment advisor focused primarily on managing separate accounts for institutions and high net-worth investors, has launched its first mutual fund—employing many of the go-anywhere strategies it employs for its high-net worth clients.
The product, branded as the Aristotle/Saul Opportunity Fund, bets on stocks and other securities, including foreign securities. Company executives say that at its core, the fund strives to be a global unconstrained strategy.
“This is a go-anywhere, best ideas – not un-constrained—but definitely less constrained strategy,” Aristotle president Steve Borowski told Money Management Executive.
Borowski says that the strategies underlying the fund have actually been in practice since 1992, but largely in limited partnerships or accounts for high-net worth clients. Word of mouth about the strategy generated burgeoning interest in the strategy in a more mobile form, such as a mutual fund.
Borwoski says his firm doesn plan to hire any additional sales staff or support teams to distribute the fund.
“Right now, we don’t intend to compete with the huge mutual fund shops,” he said. “We will continue to focus on our core business, managing separately managed accounts.”