PORTLAND, Ore., July 23 /PRNewswire-Asia/ --
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, Oregon and New York City, New York. http://www.mazamacap.com
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. http://www.efginternational.com
