Piedmont, Calif.-based Quintara Capital Management has launched a small-cap value fund that will compensate its sub-advisors based on how well they perform compared to the Russell 2000 Value Index.

The Quintara Small Cap Value Fund will be managed by three sub-advisors who will select up to 18 stocks each. The fund will be co-managed by a bevy of managers who oversee small-cap portfolios at ICM/Isabelle, Oakmark and Third Avenue/MJ Whitman.

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