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EFG Asset Management Moz Afzal

EFG Asset Management bolsters US equity franchise


EFG Asset Management (EFGAM) – an international provider of actively-managed investment solutions – has brought the management of its top-performing, award-winning New Capital US Growth Fund in-house.

The strategy underpinning the New Capital US Growth Fund was launched for EFGAM in July 2010; based on the firm’s convictions of multi-year growth across the Atlantic, and has since successfully delivered long-term performance for clients.   
Core members of the existing investment team have officially joined EFGAM as part of the transition. Citywire A rated Joel Rubenstein, who has been co-lead on the Fund since inception will continue as lead manager, working alongside senior portfolio managers Tim Butler and Mike Clulow, as well as research analyst Chelsea Wilson and client portfolio manager Don Klotter, all of whom have been running the Fund since inception.
There will be no change to the investment process. The US team will continue to be based in Portland, Oregon, and will remain focused on managing the Fund. In addition, they will now have the benefit of working alongside other New Capital portfolio managers and analysts with access to the broader global team of investment professionals.
The New Capital US Growth Fund has proven to be a successful component of the wider New Capital fund range, which comprises seven equity funds, three fixed income funds and one multi-asset fund. The Fund has a 5 star rating by Morningstar and a 4 crown rating from FE Trustnet. Compared to the universe of US large cap growth equity funds (approximately 330 funds), it has consistently performed in the top quartile over one, three and five year periods and since inception.
Moz Afzal, CIO, EFG Asset Management, says: “This move reflects the successful growth of our New Capital funds franchise. At the time of the Fund’s launch we wanted to ensure we had the best managers to implement our strategic views. The strategy has been very fruitful for us, and we are now in the position to provide clients with the best service possible by incorporating all aspects of the Fund’s management under the New Capital umbrella.”
Joel Rubenstein, Lead Portfolio Manager, says: “We have always worked extremely closely with the EFGAM team. Given the success of the Fund we are looking forward to taking the relationship to the next stage. We are confident that by joining a much bigger organisation with a larger analyst platform, cross-collaboration will enhance the investment process and ultimately performance for clients.”

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