The Funds are managed by Laura Geritz who broke off from Wasatch Advisors in 2016 to found Rondure Global as a boutique firm focused on global equity investing.
SALT LAKE CITY, UT, UNITED STATES, December 11, 2018 /EINPresswire.com/ — Rondure Global Advisors, the advisor to the Rondure New World Fund (RNWIX) and the Rondure Overseas Fund (ROSIX), recently passed $300M in assets under management (AUM) amidst volatile markets and record industry outflows. The Funds and corresponding separately managed accounts are managed by Laura Geritz, who broke off from Wasatch Advisors in 2016 to found Rondure Global as a boutique investment firm focused on global equity investing. The Rondure New World Fund is primarily focused on emerging markets, with some frontier exposure, and the Rondure Overseas Fund is focused on developed markets outside of the U.S.
CEO and Portfolio Manager, Laura Geritz, commented “We have been pleased to see our upside/downside capture playing out as we would have expected in these markets. We are focused on High-Quality companies with net cash balance sheets, solid returns on capital, and sustainable competitive advantages. Our portfolio goal is to capture at least 80% of the upside when markets are running and only capture 60% of the downside when markets pull back. This approach made it tougher for relative returns—particularly in the New World Fund—during our launch months when markets were very strong and we were carrying cash due to daily inflows, however it has been playing out as expected and we believe the Funds are well positioned for the long term. Our portfolios have been defensively positioned over the past several months, which has allowed us to make up relative ground during the recent pullbacks.
Crystal Gourley, Head of Sales and Client Relations for Rondure Global Advisors, stated “we have been pleased with our AUM growth in a difficult asset raising environment. We are grateful to the clients who have taken the leap with us, especially at a time when the industry is experiencing outflows.” As of today, the strategies have a combined AUM of over $300M, with a continued strong pipeline of interest.
Rondure Global Advisors is a joint venture between Laura Geritz and Grandeur Peak Global Advisors, with the two firms collaborating on research and sharing back-office resources. Ms. Geritz noted “The partnership with Grandeur Peak is going very well from all angles, and we couldn’t be more pleased with the partnership. The Rondure team is fully staffed to cover the globe and we’re running on all cylinders. We remain very excited about the long-term opportunities we are finding in markets abroad.”
Expense ratios as of prospectus dated 08/31/2018 are: RNWOX: 1.82% Gross / 1.35% Net, RNWIX: 1.53% Gross / 1.10% Net, ROSOX: 1.97% Gross / 1.10% Net, ROSIX: 2.09% Gross / 0.85% Net. The Advisor has contractually agreed to waive and/or reimburse fees or expenses through at least August 31, 2019.
About Rondure Global Advisors:
Rondure Global AdvisorsSM is a woman-owned investment adviser focused on High-Quality Value equity investing for the long-term. Rondure takes a bottom-up approach using disciplined global screening, rigorous “boots on the ground” company research, and close attention to valuation to find what we believe to be the best investment opportunities, anywhere in the world. Our global perspective is index-agnostic and our style is all-cap. Our investment philosophy is centered on investing in what we believe are very high-quality companies at good to great prices that we believe can provide sustainable growth over the long-term. We are deeply client-focused and actively cost-conscious because we are heavily invested alongside our clients for the long haul.
The objective of both the Rondure New World Fund and Rondure Overseas Fund is long-term growth of capital.
RISKS: Mutual fund investing involves risks and loss of principal is possible. Investing in foreign securities entails special risks, such as currency fluctuations and political uncertainties, which are described in more detail in the prospectus. Investments in emerging markets are subject to the same risks as other foreign securities and may be subject to greater risks than investments in foreign countries with more established economies and securities markets.
Upside/Downside capture is the degree to which an investment has captured the positive or negative performance of a given benchmark. An upside capture ratio over 100 indicates a fund has generally outperformed the benchmark during periods of positive returns for the benchmark. Meanwhile, a downside capture ratio of less than 100 indicates that a fund has lost less than its benchmark in periods when the benchmark has been negative.
An investor should consider investment objectives, risks, charges, and expenses carefully before investing. To obtain a Rondure Funds prospectus, containing this and other information, visit www.rondureglobal.com or call 1-855-775-3337. Please read it carefully before investing.
Wasatch Advisors is not affiliated with Rondure Global Advisors or Grandeur Peak Global Advisors.
Rondure Global Advisors, Grandeur Peak Global Advisors, and Wasatch Advisors are not affiliated with ALPS Distributors, Inc.
Rondure Global Funds and Grandeur Peak Funds are distributed by ALPS Distributors, Inc. (“ADI”). Crystal Gourley is a registered representative of ADI.
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Source: EIN Presswire