The Driehaus Large Cap Growth Fund (DRLGX) is closing to new investors on June 11 and will liquidate on July 19, according to a regulatory filing.
The fund launched on April 27, 2009 and invested primarily in equity securities of large capitalization U.S. companies included in the Russell 1000 Growth Index. Its portfolio managers included Dan Wasiolek and Michael Schmidt. At the end of March, the fund only managed some $20 million in assets.
Officials at the Chicago-based firm were not immediately available for comment on the fund’s liquidation.
All told, the firm managed some $5 billion in eight mutual funds as of May 31.