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Rating:Wasatch Preps a Global Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, October 28, 2008

Wasatch Preps a Global Fund

Reported by Armie Margaret Lee

Wasatch Advisors plans to launch its 15th fund next month. The Salt Lake City-based firm will unveil the Wasatch Global Opportunities Fund on November 17, said Eric Huefner, director of mutual funds.

There are no plans at this time for additional mutual fund launches, he said.

Wasatch will soon be adding three more funds to its lineup via a deal it inked in August (see The MFWire, August 26, 2008). Wasatch is buying the funds from 1st Source Corporation for $11.7 million, and according to Huefner, the transaction is on track to close by yearend.

Earlier this month, Wasatch reopened three micro cap funds to new and existing investors. The firm's flagship Micro Cap Fund had been closed since March 2000. 

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