Enterprise Group Plans 28th Fund

Published March 14, 2001, 1:00 a.m. EST

1 Min Read

The $8 billion Enterprise Group of Funds of Atlanta today announced plans to launch its 28th mutual fund, the Enterprise Deep Value Fund.

Processing Content

The fund, which will be introduced in May, will be sub-advised by Wellington Management Company of Boston.

The fund will be the groups second to be introduced in 2001. It introduced nine new funds in 2000. The fund groups assets have increased 40-fold in the last decade, said Victor Ugolyn, chairman, president and CEO of the Enterprise Group of Funds.

The Enterprise Group of Funds, which hires well-known institutional managers to sub-advise its funds, is the mutual fund unit of MONY, the financial services and life insurance company of New York.

The new Enterprise Deep Value Fund will invest in highly discounted stocks deemed to be fundamentally strong, the company said.

On Feb. 28, the group launched the Enterprise Mergers and Acquisition Fund, the first mutual fund to blend risk arbitrage with a buy-and-hold strategy in buying companies believed to be acquisition targets. Gabelli Asset Management of Rye, N.Y. is the funds sub-adviser.

In July, Enterprise formed a partnership with Rockefeller & Co. of New York to launch the Enterprise Global Socially Responsible Fund.

MORE FROM FINANCIAL PLANNING

Regulation and compliance

SEC rule would let investors take exam to qualify as accredited

In addition to proposing broader access to private market investments for those who pass a test and for CFPs and other credential holders, the SEC also proposed expanding advisors' ability to charge performance-based fees.

By Dan Shaw
Reporter

7h ago
Industry News

Regardless of DEI politics, Quad-A's VISION conference grows

As a significantly underrepresented group in the industry, Black planners and other wealth management professionals of all backgrounds have been tapping into the Quad-A network and professional development opportunities for decades.

By Tobias Salinger
Chief Correspondent

9h ago
Retirement planning

Researchers challenge the 4% retirement rule with a 'flexible 3%' alternative

Advisors may want to rethink one of the industry's retirement rules of thumb. Two researchers suggest swapping the traditional 4% withdrawal rate for a "flexible 3%" rule to lower failure rates for longer time horizons.

By Zoe Sagalow
Reporter

9h ago
Practice and client management

A referral business newcomer seeks to link CD investors with advisors

CD Valet has as many as 200,000 savers visiting its site every month looking for the best deals on certificates of deposit. It's betting they would make a perfect fit for advisors eager for new clients.

By Dan Shaw
Reporter

September 29
ESG

ESG is out of fashion. The risks remain

Amid political pushback around ESG, Climate Week panelists say firm leaders should focus less on the label and more on the risks that matter to clients.

By Grace L. Williams
Reporter

September 29
Professional development

How RIA consolidation and slow organic growth is changing compensation

The trends of big profits, consolidation and slow organic growth are creating a lot of contradictions with the pay of financial advisors and other RIA staff members, according to The Ensemble Practice's annual tracking study.

By Tobias Salinger
Chief Correspondent

September 29