Huntington Asset Services, Inc. to Provide Mutual Fund Support for BRC Investment Management, LLC and Mitchell Capital Management Co.
COLUMBUS, Ohio--(BUSINESS WIRE)-- Huntington Asset Services, a wholly owned subsidiary of Huntington Bancshares Incorporated (NASDAQ: HBAN; www.huntington.com), announced it will assist two investment firms with the launches of their mutual fund offerings. Huntington Asset Services is a provider of fund administration and accounting, as well as distribution and transfer agency services.
"We are pleased to have been selected to be the service provider for such respected investment firms like BRC Investment Management and Mitchell Capital Management," said Joseph Rezabek, president of Huntington Asset Services, Inc. "With the launch of a new mutual fund, it is critical that the adviser be able to rely on experts who can navigate the fund through the many operational and regulatory issues that arise. Huntington Asset Services brings years of such expertise to its clients, so that firms such as BRC and Mitchell can focus on servicing their customers."
BRC Investment Management, LLC launched the BRC Large Cap Focus Equity Fund, an open-ended fund which seeks to achieve long-term capital appreciation that will exceed the S&P 500® Index by investing in 30-35 sector diversified equity securities within the range of the market capitalizations of the companies in the Index. The new mutual fund provides investors with access to the adviser's 16+ year old flagship BRC Large Cap Concentrated Equity strategy, previously available to only select institutions and wealthy individuals. The fund launched in December 2012 in the Valued Advisers Trust. As of September 30, 2012, BRC Investment Management LLC had assets under management of $514.4 million.
"BRC Investment Management cares deeply about helping our clients achieve their long-term financial goals," said John R. Riddle, CFA, managing principal and chief investment officer for BRC Investment Management. "Huntington Asset Services has helped guide us through the numerous operational requirements that launching a mutual fund entails, so we can focus on giving our customers the very best solutions to their financial situations."
Mitchell Capital Management Co. launched the Mitchell Capital All-Cap Growth Fund, a fund that seeks capital appreciation and invests primarily in a portfolio of diversified common stocks, generally consisting of 25-50 security positions, that Mitchell Capital Management Co. believes have high above average future growth potential relative to their peers. The fund will focus primarily on U.S. companies without regard to market capitalization or industry segmentation. The fund launched in March 2013 in the Valued Advisor Trust. As of September 30, 2012, Mitchell Capital Management Co. had assets under management of $636 million.
"The decision to select Huntington Asset Services for the launch of our mutual fund was based on their long history of mutual fund management, their experienced team of professionals, and their attention to every aspect of mutual fund support," said Jonn Wullschleger, vice president and portfolio manager for Mitchell Capital Management. "The Valued Advisers Trust gave us a streamlined approach to successfully launch our fund and deliver the customer-centric performance our clients have come to expect from us."
About Huntington Asset Services, Inc.
Huntington Asset Services, Inc. has been providing mutual fund service solutions for more than 40 years. Huntington's fully integrated services include fund administration, accounting, transfer agency, compliance, distribution and custody for clients with combined assets of more than $45 billion. Huntington's comprehensive solutions support both standalone and series trust structures. Based in Indianapolis, Huntington Asset Services, Inc. and Unified Financial Securities, Inc. are wholly owned subsidiaries of Huntington Bancshares Incorporated (NASDAQ: HBAN; www.huntington.com), a $56 billion regional bank holding company headquartered in Columbus, Ohio. More information is available at www.HuntingtonAssetServices.com.
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The logo mark and Huntington®are federally registered service marks of Huntington Bancshares Incorporated.
Cynthia Kincaid, 614-480-5415
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The article Huntington Asset Services, Inc. to Provide Mutual Fund Support for BRC Investment Management, LLC and Mitchell Capital Management Co. originally appeared on Fool.com.
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