MILWAUKEE--(BUSINESS WIRE)--Sep. 21, 2015--
Artisan Partners Asset Management Inc. (NYSE: APAM) announced today it
will begin the process of closing the Artisan Non-U.S. Growth Strategy,
which is managed by the Artisan Partners Global Equity Team led by
portfolio managers Mark Yockey, Charles Hamker and Andrew Euretig. The
strategy launched on 1 January 1996 and assets in the strategy were
approximately $29.7 billion as of 31 August 2015.
Artisan Partners CEO Eric Colson said, “We manage capacity for each of
our strategies individually, taking a conservative approach that
considers, among other things, total assets under management, the
velocity of asset growth and the mix of business across distribution
channels, regions and client types. We’ve decided to begin the process
of closing the Non-U.S. Growth strategy in order to manage the pace of
additional growth and the diversification of assets across the Global
Equity team’s four investment strategies. Significant capacity remains
in the team’s Global Equity strategy; the team’s Global Small-Cap Growth
strategy is also open.”
The strategy will close to most new retail and intermediary investors
effective 1 February 2016; it will close to most new institutional
investors and employee benefit plans (including 401(k) plans and other
types of defined contribution plans) effective 1 October 2016. Even
after closing, the strategy will remain available to existing clients
and investors and new clients and investors who meet certain eligibility
criteria.
Effective 1 October 2015, Artisan Partners will reopen the Artisan
Global Value Strategy across all pooled vehicles. The strategy will
remain closed to most new separate accounts. The strategy is managed by
the Artisan Partners Global Value Team led by portfolio managers Dan
O’Keefe and David Samra. The strategy launched on 1 July 2007 and assets
in the strategy were approximately $14.1 billion as of 31 August 2015.
ABOUT ARTISAN PARTNERS
Artisan Partners is a global investment management firm that provides a
broad range of high value-added investment strategies in growing asset
classes to sophisticated clients around the world. Since 1994, the firm
has been committed to attracting experienced, disciplined investment
professionals to manage client assets. Artisan Partners' autonomous
investment teams oversee a diverse range of investment strategies across
multiple asset classes. Strategies are offered through various
investment vehicles to accommodate a broad range of client mandates.
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Source: Artisan Partners Asset Management Inc.
Artisan Partners Asset Management Inc.
Investor Relations
Inquiries
Makela Taphorn
866.632.1770
414.908.2176
ir@artisanpartners.com