New Orleans-based St. Denis J. Villere & Company is adding another mutual fund to its roster. The firm today launched the Villere Equity Fund (VLEQX), which bets on “undervalued” and “undiscovered” companies.

“Many of our current shareholders as well as advisors who recommend our prior fund, the Villere Balanced Fund, urged us to create this new equity fund,” stated George Young, portfolio manager and partner of Villere & Co., the adviser to the fund.

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