Compass EMP Funds is moving its three multi-asset class funds to a new trust.
Compass EMP Multi-Asset Balanced Fund, Compass EMP Multi-Asset Growth Fund and Compass EMP Alternative Strategies Fund will be moved into the Compass EMP Funds Trust, chief investment officer Stephen M. Hammers said.
They are currently held in the Mutual Fund Series Trust, which also includes funds from Catalyst Capital Advisors, Vista Research and Management, Eventide Asset Management and JAG Capital Management.
Nashville, Tenn.-based Compass holds $1 billion in total assets under management, among which mutual funds represent around $400 million in assets.
