Firstly, the firm has announced to new share classes for the Meridian product lineup, which includes the Meridian Growth Fund, Meridian Contrarian Fund, and Meridian Equity Income Fund.
Arrowpoint also plans to launch a new product the Meridian Small Cap Growth Fund on December 16th, 2013. The new fund will be managed by veteran portfolio managers Chad Meade and Brian Schaub.
Finally, Arrowpoint will partner with Destra Capital Investments, LLC to help distribute the new share classes to the financial advisor community.
"Meridian Funds are a perfect fit for Destra. We share an investment philosophy rooted in the management of risk before return. It is terrific to be reunited with David Corkins and the team at Arrowpoint. We look forward to and are truly energized by this partnership," Destra CEO Dominic Martellaro stated.
Here is the press release:
Company Press Release
Meridian Funds Announce New Share Classes; New Small Cap Growth Fund; Partnership With Destra Capital Investments
DENVER, CO. - Arrowpoint Asset Management, LLC (Arrowpoint Partners), Investment Adviser to the $2.9 billion Meridian mutual fund family, announced today the launch of two new share classes for the Meridian Funds. The current funds include Meridian Growth Fund, Meridian Contrarian Fund, and Meridian Equity Income Fund. Arrowpoint Partners also announced plans to launch the Meridian Small Cap Growth Fund on December 16th, 2013. The new fund will be managed by veteran portfolio managers Chad Meade and Brian Schaub.
"We are excited to have completed the acquisition of the Meridian Funds and to launch Institutional and Advisor Share classes. With expanded share class offerings and adding Small Cap Growth to the fund family, we further our mission to offer unique fundamentally-driven solutions for clients," said Arrowpoint Partners Founder David Corkins.
Brian Schaub added, "Chad and I have spent our entire careers investing in small company growth stocks; it is an asset class we believe in deeply and has proven over the long-term to be an alpha driver for clients."
Additional information on Meridian strategies and the launch of the new share classes is available at www.meridianfund.com.
Arrowpoint will partner with Destra Capital Investments, LLC to help distribute the new share classes to the financial advisor community. Destra CEO Dominic Martellaro commented, "Meridian Funds are a perfect fit for Destra. We share an investment philosophy rooted in the management of risk before return. It is terrific to be reunited with David Corkins and the team at Arrowpoint. We look forward to and are truly energized by this partnership."
ABOUT ARROWPOINT PARTNERS - Arrowpoint Partners is a diversified investment management firm with offices in Denver, CO, Larkspur, CA, and Pasadena, CA. Arrowpoint applies its specialized experience and in-depth fundamental research across a range of investment strategies -- equity, fixed income, and structured products. Its mission is to deliver differentiated client solutions which consistently generate superior risk-adjusted returns. Led by experienced portfolio managers David Corkins, Karen Reidy, and Minyoung Sohn, the firm is committed to employing world-class investment talend, with experience in multiple disciplines, to identify and exploit inefficiencies across markets. The firm is 100% owned by its partners.
ABOUT DESTRA CAPITAL INVESTMENTS - Destra Capital connects financial advisors with innovative investment theories and uinquely positioned asset management solutions. With an experienced management team and specialized asset managers that confidently take the long view, its goal is to rise above the fleeting market statistics towards the opportunity for long term returns.
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