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Del Rey Global launches first mutual fund


Del Rey Global Investors has announced the launch of the del Rey Monarch Fund, the firm’s first mutual fund. The Monarch Fund is an open-end mutual fund that seeks to deliver long-term capital appreciation by investing primarily in non-US securities believed by the manager to be undervalued at the time of purchase.

The fund is managed by Paul J Hechmer, del Rey’s founder and an 18-year veteran of the asset management business, including his tenure as a founding member of Tradewinds Global Investors, where he managed the firm’s international portfolios and co-managed several global portfolios.

“We have been extremely pleased by our institutional clients’ interest in our approach to international equity investing since launching del Rey a little more than a year ago,” says Hechmer. “With the introduction of the del Rey Monarch Fund, we are now making our strategy available to all investors.”

Del Rey employs a research-driven, bottom-up, value-oriented approach to the equity markets, seeking to add alpha and manage risk by identifying the best investment opportunities throughout the world. Its research process focuses on industry leading companies it believes to be attractively valued.

The del Rey Monarch Fund is managed using the same philosophy as the firm’s institutional separate accounts. The firm manages more than USD1.7bn in assets as of April 30, 2011.

The del Rey Monarch Fund is being offered with both Retail, or Class A, and Institutional Shares, or Class I. The Class A Shares carry a maximum sales charge of 5 percent and have a minimum investment of USD2,000. The Institutional shares require a minimum investment of USD100,000 and are available without a sales charge. The Monarch Fund shares are now, or will soon be, available on a number of national distribution platforms. Both share classes have a 2 per cent redemption fee for shares redeemed or exchanged within 60 days.

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