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Worthington Capital Management launches MF company


Worthington Capital Management, an asset management firm headquartered in Memphis, TN, has launched the Worthington Funds.

Founded by Chairman and Chief Executive Officer Steven W Sansom, a Goldman Sachs Investment Management veteran with over 20 years of industry experience, Worthington Capital has identified and will bring to market a series of innovative, performance-driven mutual funds over time that seek to capture market inefficiencies or take advantage of secular trends.
Worthington Capital's first mutual fund launch is the Worthington Value Line Equity Advantage Fund (WVLEX), an actively managed open-end fund that invests primarily in closed-end equity funds trading at a discount to their respective net asset values.
"Throughout my investment career, I have always sought to add value by creating innovative strategies that can be used by investors to complement their core equity portfolios," says Sansom. "Worthington Funds is committed to delivering highly disciplined strategies to investors and the Financial Advisors who serve them."
Worthington Funds plans to partner with experienced and highly regarded investment managers to deliver these complementary core equity strategies. Worthington's first partnership is with Value Line Funds. Starting operations in 1950, Value Line Funds is one of America's oldest fund companies.
"We are delighted to partner with Worthington Capital on their first mutual fund," says Mitchell Appel, President of Value Line Funds. "We believe that the Worthington Value Line Equity Advantage Fund provides investors with a unique opportunity to purchase equity securities through closed-end funds at generally a 5-10% discount from their actual value. Through the Fund, investors have the opportunity to capture capital appreciation not only through the underlying securities but also additional appreciation when the discount narrows."
The Worthington Funds are offered to investors primarily through the Financial Advisor community via numerous national and regional broker/dealers and the national RIA platforms.

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