MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, January 6, 2012 Water Fund to Evaporate The $11.9 million PFW Water Fund is headed for liquidation. Or, make that dry times. "The Board of Directors (the "Board") of the Santa Barbara Group of Mutual Funds, Inc., consisting of the PFW Water Fund (the "Fund"), has concluded that that due to the small size of the Fund, it is in the best interests of the Fund and its shareholders that the Fund cease operations," read an SEC filing. Santa Monica, California-based Hillcrest Wells Advisors, LLC, the fund's investment adviser, plans to shut down the fund on January 20. Hillcrest Wells LLC COO and fund manager Rod Hagenbuch was not immediately available for comment. Printed from: MFWire.com/story.asp?s=38765 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |