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M3Sixty launches six funds

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M3Sixty Administration has launched six new mutual funds by Snow Capital Management and Stringer Asset Management.

Snow, a USD2.8bn asset management firm, and Stringer, an early 2013 spin-off from Raymond James – Morgan Keegan, cited M3Sixty’s experienced management team, efficient operational strategy, and competitive pricing as keys to the selection.
 
"As a small asset management firm launching our first mutual fund, it was important to us to partner with a company that had both significant industry experience as well as a cost-competitive service. M3Sixty met both of these criteria for us in a big way,” says Gary Stringer, chief investment officer, Stringer Asset Management.
 
"M3Sixty’s competitive fee structure allowed us to simultaneously launch six new mutual fund strategies to our existing family of value equity funds.  With cost efficiency and M3Sixty’s highly experienced team, we believe that Snow Capital is well positioned for future growth.  We look forward to working with the M3Sixty team in achieving our mutual long term goals,” says Carl Vuono, chief operating officer, Snow Capital.
 
Randy Linscott, principal of M3Sixty, says: “Our firm offers a consolidated platform including traditional administration and distribution services combined with our unique platform management consulting services.  This enables M3Sixty to offer significantly reduced administration and fund start-up costs during critical start-up phase in conjunction with benefits of M3Sixty’s distribution platform knowledge and services to best position our funds for flows and profitability.  Our distinctive strategy aligns our interests directly with our clients’ who benefit from our competitive fee structure and efficient operations.  We share the launch risk with a strategic pricing menu that minimises unnecessary barriers to growth with the goal of institutionalising long-term success for all parties."

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