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 |
|
Monday, February 27, 2017 AmericaFirst Launches A Sixth Fund and Ponders the Next Move Rick Gonsalves and his team just launched the AmericaFirst Large Cap Share Buyback Fund, the sixth fund for Roseville, CA-based AmericaFirst Capital Management.
Launched on February 1, the fund marks the first long-only strategy for the firm, investing in large companies that pass a certain buyback threshold and using fundamentals to verify that the share buybacks are happening for the right reasons. As Gonsalves, who serves as president, CEO, and portfolio manager, puts it, "If a company is confident enough to buy its own stock, why shouldn't we?" In addition to beefing up distro support, he's also considering growth through product expansion into UITs, a space where the firm has had success in the past. SMAs could be another option, as he's had advisors requesting the mutual fund strategies in separate account format. Founded in 2007 by Gonsalves, the privately-held boutique shop specializes in unemotional, rules-based investment strategies that use back-tested measurements when selecting securities. The firm manages around $100 million in assets across its suite of funds. The firm has four full-time employees: Rick Gonsalves, his father Larry Gonsalves, Robert Clark, and Michael Baumbach. Printed from: MFWire.com/story.asp?s=55737 Copyright 2017, InvestmentWires, Inc. All Rights Reserved |
