Carl to Co-Manage Sterling Capital Diversified Income Fund

CHARLOTTE, N.C., June 14, 2016 /PRNewswire/ -- Sterling Capital Management LLC (Sterling) announced today that Brandon Carl, CFA, a member of Sterling's Advisory Solutions Team, will join Shane Burke as co-portfolio manager to the Diversified Income Fund upon Will Gholston's departure. 

The Diversified Income Fund is a multi-asset class, income-oriented fund that draws on the resources and expertise of Sterling's Advisory Solutions Team. The fund seeks income and capital appreciation by investing in a broad range of income-generating asset classes and strategies, using active and passive management.

"Brandon is a highly experienced, thoughtful and talented investment professional who has served as a leading member of our Advisory Solutions team for many years. He has a strong record of successfully identifying and allocating to highly skilled managers with clearly differentiated approaches to investment research, risk management and portfolio construction. We believe Brandon's addition as co-portfolio manager will greatly benefit our Diversified Income Fund clients," said Advisory Solutions Managing Director James C. Willis, CFA.

Carl, who has 15 years of investment experience, has worked closely with Burke and Gholston since the launch of the Diversified Income Fund and has been an integral part of the Advisory Solutions Team since 2008. The seven-member team, led by Willis, has more than 12 decades of combined investment experience. The team is responsible for developing Sterling's globally invested asset allocation framework, maintaining a focused platform comprised of highly skilled managers, and constructing and managing comprehensive investment models that focus on asset allocation and manager selection independently.

"I'm excited about the opportunity to co-manage the Diversified Income Fund with Shane, who has been integral in formulating the fund's investment process and delivering outstanding results for investors.

The fund's risk-managed approach to asset allocation and security selection provides an excellent path to seeking income generation and capital appreciation, especially in an environment where interest rates around the globe remain near historical lows," Carl said.

In addition to his new role as portfolio manager, Carl will continue to serve as an Advisory Solutions investment analyst with a focus on developed markets equity.  

Sterling Capital Management LLC

Sterling Capital Management, LLC, is a registered investment advisor founded in 1970, with $54 billion in assets under management as of March 31, 2016. Sterling is an independently operated subsidiary of BB&T Corporation, one of the nation's largest financial services holding companies. Headquartered in Charlotte, N.C., Sterling is comprised of more than 125 professionals in San Francisco, Calif; Atlanta, Ga.; Washington, D.C.; Raleigh, N.C.; Philadelphia, Pa., and Richmond and Virginia Beach, Va. Sterling provides investment management services to a diverse group of clients, including corporate, public, health care, private clients, endowment, foundation, insurance, sub-advisory, and managed investment pools.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the fund, please call 888-228-1872 or visit our website at SterlingCapitalFunds.com. Read the prospectus carefully before investing.

Mutual fund investing involves risk including a possible loss of principal.

Sterling Capital Management LLC, a separate subsidiary of BB&T Corporation, serves as investment adviser to the Sterling Capital Funds and is paid a fee for its services. Shares of the Sterling Capital Funds are not deposits or obligations of, or guaranteed or endorsed by, Branch Banking and Trust Company or its affiliates. The funds are not insured by the FDIC or any other government agency. The funds are distributed by Sterling Capital Distributors LLC, which is not affiliated with Branch Banking and Trust Company or its affiliates.

SOURCE Sterling Capital Management LLC