A dentist in Miami Beach, Fla. is planning to offer a buy-and-hold mutual fund with a value orientation.
The no-load Prairie Fund of Miami will seek long-term capital appreciation by investing in the stock of U.S. companies, according to a registration statement filed with the Securities and Exchange Commission May 5. The fund generally will hold the stock of 10 to 15 companies, according to the registration statement.
Zuckerman Management Associates of Miami Beach will advise the Prairie Fund, according to the registration statement. Matthew M. Zuckerman, 70, a dentist, is the president and sole owner of Zuckerman Management, according to the registration statement.
Zuckerman was not immediately available for comment. He has managed trust portfolios for 40 years, according to the registration statement. Zuckerman Management had about $3.7 million in assets under management as of March 31, according to the statement.