EFG teams up with US asset manager for Ucits launch

EFG Private Bank is to launch a US-focused growth fund after teaming up with Mazana Capital Management, an institutional asset manager from the United States.

The New Capital US Growth fund, which will be launched as a Dublin-listed Ucits III fund, will be a growth style long-only strategy. The Portland-headquartered asset manager specialises in growth equity portfolios and this will be the first time European retail investors will have access to their strategies.

The new fund will be a combination of Mazama's Large-cap and Mid-cap growth strategies, with 10 analysts and Mazama founder Ronald Sauer, contributing specialist advice.

The investment process, meanwhile, will be a mixture of bottom-up fundamental research and Mazama's proprietary Price Performance Model.

Mozamil Afzal (pictured), chief investment officer of EFG Asset Management, said: 'This is an area where we believe we should be focusing our investments in the medium and long term. EFG Asset Management’s extensive top-down research suggests that investors should be focussing on growth companies. In the current economic environment, companies with good growth fundamentals are not achieving the premium valuation they deserve.'

Ron Sauer, Mazama’s founder, added: 'This is a step towards our effort to provide global investors with a unique opportunity to invest in Mazama’s portfolios. EFG Asset Management is the right partner for us on an investment, conviction and stock selection approach.'