ATLANTA, GA–OCTOBER 8, 2014–Edge Capital Partners, an independent investment advisory firm with approximately $2.5 billion in assets under management, today announced the launch of the Blue Current Global Dividend Fund. The fund, co-managed by Harry Jones and Dennis Sabo, seeks out companies that are growing their dividends, offer an attractive yield, and have the potential for long-term capital appreciation. It is the firm’s first entry into the mutual fund space, providing broader market access to an investment strategy that began in 2008 and has gathered more than $150 million in separately managed account (SMA) assets.
“We’ve seen a tremendous demand for this strategy from our advisory clients and as the number of assets and accounts continued to grow, launching a mutual fund was a logical next step,” said Dennis Sabo, the fund’s co-portfolio manager and Director of Research at Edge Capital. “Launching a fund creates process efficiencies for us and provides broader market access to a unique strategy that has gained strong traction through separate accounts.”
“In a low interest rate environment, clients are searching for strategies that are designed to provide income and increasing cash flow. The availability of a mutual fund provides a broader solution for those individuals. This is a case of client circumstances influencing the product decision,” said Paul Izlar of Edge Capital. “We’re excited about the possibilities this creates for our clients and our firm. We are in a strong position to execute on our plan.”
Edge Capital performed significant due diligence in the startup process to ensure the fund structure and distribution plans best met the needs of the firm and its current and future investors. After considering a number of options, the firm decided to launch the fund through the Ultimus Managers Trust, a series trust platform sponsored by Ultimus Fund Solutions. The series trust structure provides operational efficiencies for Edge Capital while allowing the firm to quickly leverage a deep team of 12 in-house sales professionals to gain strong distribution and sales traction.
“Edge Capital was extremely thorough in the strategy and planning of the fund launch,” said Dave Carson, Vice President, Director of Client Strategies at Ultimus. “We worked with them at every step in the process to help them understand all their options and to create a realistic operational plan and distribution approach that would work for them and their investors today and in the future. It’s exciting to partner with a firm that is so committed to their business, their investors and the process. Edge Capital truly has a top-notch team and we look forward to working with them for years to come. ”
About Edge Capital
Edge Capital Partners is an independent, employee-owned firm whose team takes a collaborative approach in helping clients realize their goals. Edge’s investment management practice, through offices in Atlanta, Charlotte, Dallas, and Houston, manages approximately $2.5 billion in assets for individuals, families, foundations, and other institutions with flexible and responsive investment strategies across a broad range of asset classes. For more information, please visit www.edgecappartners.com.
About Blue Current Global Dividend Fund
The Blue Current Global Dividend Fund utilizes Edge’s investment expertise in selecting global companies that offer an attractive yield and are expected to reward investors through increasing cash flow over time. The primary objectives are to seek current income and deliver attractive long-term capital appreciation to investors. For more information, please visit www.bluecurrentfunds.com
About Ultimus Fund Solutions
Ultimus Fund Solutions provides highly customized and comprehensive mutual fund services to small- and medium-sized fund groups. The company offers mutual fund startup and organization services, fund administration and distribution, compliance and middle office services, fund accounting and pricing, and transfer agent and shareholder services for both open-end and closed-end funds. Ultimus’ broad range of services are performed by teams of CPAs, attorneys, paralegals and other professionals with a wealth of mutual fund experience.
For more information, visit www.ultimusfundsolutions.com.