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Montage Investments surpasses USD16bn

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Montage Investments says assets at the firm’s affiliated investment managers have increased to more than USD16bn.

 
This reflects an increase of more than USD3bn in just five months, following USD4bn of growth in 2012.
 
In addition, several Montage-affiliated asset managers recently achieved significant milestones, particularly Nuance Investments, Convergence Investment Partners and Tortoise Capital Advisors.
 
The Nuance Concentrated Value and Nuance Mid Cap Value Strategies both received 5-Star Overall Morningstar Ratings versus 407 separate accounts in the large value category and 120 separate accounts in the mid-cap value category, for the period ending 31 March 2013 (derived from a weighted average of the fund’s three-, five- and ten-year risk adjusted return measure, if applicable). Both strategies have also achieved PSN Informa Top Guns Status multiple times.
 
The Convergence Core Plus Fund received a 5-Star Overall Morningstar Rating versus 1,409 funds in the large blend category for the period ending 31 May 2013 (derived from a weighted average of the fund’s three-, five- and ten-year risk adjusted return measure, if applicable).
 
Tortoise Capital Advisors recently launched its second mutual fund – the Tortoise North American Energy Independence Fund (TNPTX). The latest fund complements Tortoise’s first mutual fund – the Tortoise MLP & Pipeline Fund (TORTX/TORIX), which was ranked in the top percentile of the Morningstar Equity Energy category out of 118 funds for the one-year period ending 31 March 2013, based upon total returns.
 
Gary P Henson (pictured), president and chief investment officer of Montage, says: "The recent growth and recognition achieved by our affiliated managers illustrates a shared commitment to delivering institutional investments that serve client needs above all else. At Montage, we will continue to support our boutique managers’ success by providing resources that allow them to focus on delivering innovative, relevant investments with few distractions. That is why we continue to enhance our distribution team by adding top industry talent."
 
Montage’s distribution team is now comprised of 37 professionals who serve as a sales and marketing resource to more than 200 associates employed across the firm’s investment management affiliates. Collectively, the Montage family is comprised of 15 investment managers, offering seven mutual funds and seven closed-end funds, in addition to more than 25 separately managed account strategies.

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