Brown Brothers Harriman & Co. has launched the BBH Global Core Select Fund (BBGNX and BBGRX), a successor to the BBH private investment partnership, BBH Global Funds, LLC – Global Core Select, which launched on April 2, 2012.

The fund will be co-managed by Regina Lombardi and Tim Hartch, two members of the BBH Core Select investment team and bet on “established, cash generative businesses” priced at a discount to estimated intrinsic value. It will generally hold 30 to 40 companies with market capitalizations greater than $3 billion.

“While our investment team has researched, followed, and even owned non-U.S. companies for years, a global fund will provide greater flexibility for us to invest worldwide in shares of companies that meet our criteria,” stated Hartch.

This is the first fund launch for BBH since 2002, according to Morningstar.

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