Oak Ridge Investments has expanded its product offering with the launch of three funds aimed at diversifying its mutual fund line-up with new strategies which will drive additional asset growth.
The Oak Ridge Disciplined Growth Fund (ODGIX) invests in US companies growing at above average rates across the market cap range. This fund follows the long-running, fundamentally driven 15-year track record of the Oak Ridge All Cap Growth strategy managed by Robert McVicker. The investment objective of the fund seeks long-term growth of capital, in pursuing its objective the fund aims to outperform the Russell 3000 Growth Index.
The Oak Ridge Technology Insights Fund (ORTHX) invests in a universe of innovative companies benefiting from the use or application of technology. Portfolio managers Robert Corman and Terence Quinn will use their specialised focus to invest in companies driving market share gains which should lead to sustained earnings growth. The investment objective of the fund is long-term growth of capital, and seeks to outperform the S&P North American Technology Index.
The Oak Ridge Global Equity Fund (OGESX) is sub-advised by Algert Global. This global strategy focuses on analysing inefficiencies in developed equity markets that result from investor behavioural biases and will be benchmarked against the MSCI World Index. The fund's investment objective is to seek long-term capital appreciation. Through a systematic process, the fund aims to invest in companies with solid fundamentals, attractive relative valuations, and measurable market catalysts.
Algert Global currently sub-advises two other Oak Ridge strategies, the Oak Ridge International Small Cap Fund (ORIIX) and Oak Ridge Dynamic Small Cap Fund (ORSIX).
"We believe the new funds address a client-driven need in the marketplace by providing exposure to specialised investment segments," says Oak Ridge's chief operating officer, Mark Goodwin (pictured). "We expect continued AUM growth in our strategies, through lift-outs, acquisitions and with sub-advisory partnerships. New products will be instrumental in achieving these objectives."
"The uniqueness of the funds' asset classes is a timely and compelling opportunity for our clients," adds head of distribution and marketing Philip Callahan. "These complementary strategies will deepen the Oak Ridge suite of diversified investment capabilities. Launching three new funds based on the established experience of the funds' portfolio managers is a huge advantage."