Wasatch Advisors plans to launch its 15th fund
next month. The Salt Lake City-based firm will unveil
the
Wasatch Global Opportunities Fund on November
17, said
Eric Huefner, director of mutual funds.
There are no plans at this time for additional mutual fund launches,
he said.
Wasatch will soon be adding three more funds to its lineup
via a deal it inked in August (see
The MFWire, August 26, 2008). Wasatch is buying the funds
from
1st Source Corporation for $11.7 million, and according to Huefner, the transaction is on track to close by yearend.
Earlier this month, Wasatch reopened three micro cap funds
to new and existing investors. The firm's flagship
Micro
Cap Fund had been closed since March 2000. 
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