RidgeWorth Investments Announces New Subadviser for its International Equity Fund (STITX)
ATLANTA, Sept. 1, 2015 /PRNewswire/ -- RidgeWorth Investments has announced that WCM Investment Management will assume subadvisory responsibilities for the RidgeWorth International Equity Fund (STITX), effective September 1, 2015.
WCM replaces Certium Asset Management as the subadviser for the RidgeWorth International Equity Fund, which first launched in January 1995. The Fund seeks to provide long-term capital appreciation by investing primarily in a diversified portfolio of equity securities of foreign issuers.
The move reflects RidgeWorth's mission to provide clients with access to quality asset managers who offer well-defined, proven investment solutions. "We are very pleased to establish this relationship and to bring WCM's unique talents to our clients," said Ashi Parikh, CEO and CIO of RidgeWorth Investments. "WCM provides a distinct benefit through its focus on identifying great businesses based on positioning, competitive advantage and corporate culture," he added.
WCM is an independent, employee-owned investment management firm located in Laguna Beach, CA. The team will manage RidgeWorth's International Equity Fund according to their philosophy and process utilized for the WCM Focused Growth International strategy. This proven approach focuses on industry-leading, non-U.S. organizations led by visionary management teams with sound business strategies that are poised to dominate their industry into the future.
"We build portfolios that are distinct from benchmarks and other asset managers, which we believe is a competitive advantage. We concentrate our best investment ideas into our Focused Growth International strategy, while paying close attention to downside protection," said Paul Black, Co-CEO of WCM Investment Management. "We are excited about the opportunity to work with RidgeWorth Investments and believe WCM's philosophy, experience and commitment to excellence align well with RidgeWorth," he added.
"The partnership between RidgeWorth and WCM is a natural fit given the similarities in philosophy, mission and corporate culture of the two firms." Parikh said. "We are confident in the inherent advantages we see in WCM's investment strategy and believe our clients will benefit from their unique approach to investing."
To learn more about the RidgeWorth International Equity Fund, visit www.ridgeworth.com/funds/international-equity
To learn more about WCM Investment Management, visit www.wcminvest.com
About RidgeWorth Investments
RidgeWorth Investments serves as a holding company that owns interests in five investment boutiques with $42.5 billion in assets under management as of June 30, 2015. RidgeWorth's wholly owned boutiques are Ceredex Value Advisors, Certium Asset Management, Seix Investment Advisors and Silvant Capital Management. RidgeWorth also holds a minority ownership in Zevenbergen Capital Investments. These investment boutiques manage a wide variety of investment disciplines across the fixed income and equity asset classes. Effective September 1, 2015, WCM Investment Management was appointed as subadviser of the RidgeWorth International Equity Fund. WCM Investment Management is an investment adviser registered with the SEC. WCM Investment Management is not affiliated with RidgeWorth Investments, RidgeWorth Funds or RidgeWorth Distributors LLC.
RidgeWorth provides investment management services to a growing client base that includes endowments, foundations, corporations, healthcare organizations, municipalities, public funds, associations, insurance companies, labor unions and high net worth individuals through its wholly and partially owned boutiques, as well as its subadvisory relationships. In addition, RidgeWorth serves as the investment adviser to the RidgeWorth Funds mutual fund family. For more information about RidgeWorth, please visit www.ridgeworth.com.
Equity securities (stocks) may be more volatile and carry more risk than other forms of investments, including investments in high grade fixed income securities. The net asset value per share of a fund will fluctuate as the value of the securities in the portfolio changes. International investing involves increased risk and volatility due to currency fluctuations, economic and political conditions, and differences in financial reporting standards.
An investor should consider a fund's investment objectives, risks, and charges and expenses carefully before investing or sending money. This and other important information about the RidgeWorth Funds can be found in a fund's prospectus. To obtain more information, please call 1-888-784-3863 or visit www.ridgeworth.com. Please read the prospectus carefully before investing.
©2015 RidgeWorth Investments. All rights reserved. RidgeWorth Investments is the trade name for RidgeWorth Capital Management LLC, an investment adviser registered with the SEC and the adviser to the RidgeWorth Funds. RidgeWorth Funds are distributed by RidgeWorth Distributors LLC, which is not affiliated with the adviser. Collective Strength Individual Insight is a federally registered service mark of RidgeWorth Investments.
SOURCE RidgeWorth Investments
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article