MEDIA RELEASE PR40554
Mazama Selected by EFG Private Bank for US Growth Fund
PORTLAND, Ore., July 23 /PRNewswire-AsiaNet/ --
Mazama Capital Management, Inc. announced today that EFG Asset
Management, the investment division of EFG Private Bank Limited, has selected
the firm to act as portfolio manager for the New Capital US Growth Fund, a
UCITS fund for non-US investors to be launched July 26, 2010.
The fund will employ Mazama's traditional, long-only growth stock
investment style and will be a combination of the firm's mid cap growth and
large cap growth portfolios. Mazama's team of 10 equity research specialists
will manage the portfolio, under the direction of Ronald A. Sauer, Mazama's
founder and chief investment officer. The strategy will utilize Mazama's
bottom-up fundamental research process and proprietary Price Performance
Model to identify and track the top growth companies in the US equity
universe.
Ron Sauer, Mazama's founder, said: "We are very excited to be selected by
EFG Asset Management for the New Capital US Growth Fund. This is a step
toward our effort to provide global investors with a unique opportunity to
invest in Mazama's growth stock portfolios. EFG Asset Management is the right
partner for us on an investment, conviction and stock selection approach."
Mozamil Afzal, Chief Investment Officer of EFG Asset Management said: "We
are delighted to be offering this investment opportunity to our clients,
which benefits from Mazama Capital Management's experience in US growth
investing. EFG Asset Management's extensive top-down research suggests that
investors should be focusing on growth companies. In the current economic
environment, companies with good growth fundamentals deserve a premium
valuation which they are not given."
Mazama Capital Management, Inc. is an independent institutional
investment firm specializing in growth equity portfolio management for large
institutions. The firm was founded in 1993 and has offices in Portland,
EFG Private Bank is the UK-based private banking arm of EFG
International, with subsidiaries in Guernsey and Jersey. Headquartered in
London, the Bank and its subsidiary businesses, including EFG Harris Allday,
EFG Platts Flello and EFG Ashby London, also have offices in Birmingham,
Bridgnorth, Ombersley, Banbury and Wolverhampton.
SOURCE: Mazama Capital Management, Inc.
CONTACT: Donald Klotter,
Senior Vice President of Mazama Capital Management,
+1-503-944-6254,
klotter@mazamacap.com
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