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.
“So, we designed the Villere Equity Fund to focus on the equity work we do, with a particular emphasis on striving to uncover undiscovered small and mid-size companies we believe have potential. While the fund can invest across all market caps, our experience has shown these smaller companies, when well vetted, may provide investors significant long-term growth potential.”
Villere & Co. is a family-run business founded by St. Denis J. Villere in 1911. The firm currently manages some $2.2 billion in separately managed accounts and a mutual fund.