Welcome!

News Feed Item

Sterling Capital Funds Launches New Long/Short Equity Fund

CHARLOTTE, N.C., Jan. 28, 2014 /PRNewswire/ -- Sterling Capital Funds is pleased to announce the launch of its new Sterling Capital Long/Short Equity Fund, adding to its lineup of 21 mutual funds offering investors access to virtually every asset class and sector.

The fund focuses on long-term capital appreciation by allocating capital to external long/short equity managers. The fund is managed by L. Joshua Wein, CAIA, and James C. Willis, CFA, and will offer Class A, C and Institutional shares. 

"We believe there are a variety of advantages offered to clients with this fund," said Wein, co-portfolio manager based in Raleigh, N.C. "The liquid exposure to long/short equity, a multi-manager approach and the ability of Sterling Capital Management, as investment adviser, to monitor underlying portfolio exposures are among the advantages offered."

The fund will target four investment management firms that will each sub-advise an allocated percentage of the fund with all assets custodied centrally. The fund's structure allows capital to be allocated/re-allocated and rebalanced as needed.

While the fund focuses primarily on sector-specific managers, the team will also selectively allocate to managers with multi-sector approaches.

"This multi-manager approach draws upon the resources and manager search-and-selection expertise of Sterling Capital's Advisory Solutions team," said Willis, co-manager of the fund with Wein. "Through an extensive investment and operational due diligence process, we are seeking skilled managers with clearly differentiated approaches to equity research, risk management and portfolio construction."

The initial sub-advisors selected for the fund are Cummings Bay Capital Management based in Dallas; Gator Capital Management in Tampa, Fla.; Lucas Capital Management in Red Bank, N.J.; and Sanborn Kilcollin Partners in Chicago.

Wein has investment experience since 1995. He is a graduate of Emory University with a bachelor's degree in finance. He received his MBA from Vanderbilt University. He is a CAIA charterholder.

Willis has investment experience since 1996. He is a graduate of Rice University with bachelor's degrees in economics and political science. He received his MBA from Georgetown University. He is a CFA charterholder.

Risk Considerations
Mutual fund investing involves risk including the possible loss of principal value. The fund may invest in derivatives, (futures, options, swaps). On occasion the fund may sell covered call and put options. Selling covered call options limits the fund's opportunity to profit from an increase in the price of the underlying stock above the exercise price, but it continues to bear the risk of a decline in the stock. To the extent that the investment advisor misjudges current market conditions, the fund's volatility may be amplified by its use of short sales and derivatives, and by its ability to select sub-advisers to allocate assets. Short sales by a fund theoretically involve unlimited loss potential since the market price of securities sold short may continuously increase.

Sterling Capital Management LLC is a registered investment advisor founded in 1970. Sterling is an independently operated subsidiary of BB&T Corporation, one of the nation's largest financial services holding companies. Headquartered in Charlotte, N.C., with offices in Raleigh, N.C.; Atlanta, GA.; Washington, D.C.; Richmond, VA; Virginia Beach, VA and San Francisco, Calif., Sterling has more than $45 billion* in assets under management overseen by 98 investment and client services professionals. Sterling provides investment management services to a diversified group of clients including corporate, public, healthcare, private clients, endowment, foundation, insurance, sub-advisory, and managed investment pools in 40 states and 10 countries worldwide.

*As of December 31, 2013

Investment advisory services are available through Sterling Capital Management LLC, a separate subsidiary of BB&T Corporation. Sterling Capital Management LLC manages customized investment portfolios, provides asset allocation analysis and offers other investment-related services to affluent individuals and businesses. Securities and other investments held in investment management or investment advisory accounts at Sterling Capital Management LLC are not deposits or other obligations of BB&T Corporation, Branch Banking and Trust Company or any affiliate, are not guaranteed by Branch Banking and Trust Company or any other bank, are not insured by the FDIC or any other government agency, and are subject to investment risk, including possible loss of principal invested.

You should consider the investment objectives, risks, charges and expenses of Sterling Capital Funds carefully before investing. A prospectus with this and other information may be obtained at 800-228-1872 or www.SterlingCapitalFunds.com.  The prospectus should be read carefully before investing.

The funds are distributed by Sterling Capital Distributors, LLC.

SOURCE Sterling Capital Management LLC

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Archi...
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
In his session at 20th Cloud Expo, Brad Winett, Senior Technologist for DDN Storage, will present several current, end-user environments that are using object storage at scale for cloud deployments including private cloud and cloud providers. Details on the top considerations of features and functions for selecting object storage will be included. Brad will also touch on recent developments in tiering technologies that deliver single solution and an end-user view of data across files and objects...
Hardware virtualization and cloud computing allowed us to increase resource utilization and increase our flexibility to respond to business demand. Docker Containers are the next quantum leap - Are they?! Databases always represented an additional set of challenges unique to running workloads requiring a maximum of I/O, network, CPU resources combined with data locality.
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
"Cloud computing is certainly changing how people consume storage, how they use it, and what they use it for. It's also making people rethink how they architect their environment," stated Brad Winett, Senior Technologist for DDN Storage, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settl...
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Digital transformation has increased the pace of business creating a productivity divide between the technology haves and have nots. Managing financial information on spreadsheets and piecing together insight from numerous disconnected systems is no longer an option. Rapid market changes and aggressive competition are motivating business leaders to reevaluate legacy technology investments in search of modern technologies to achieve greater agility, reduced costs and organizational efficiencies. ...
For far too long technology teams have lived in siloes. Not only physical siloes, but cultural siloes pushed by competing objectives. This includes informational siloes where business users require one set of data and tech teams require different data. DevOps intends to bridge these gaps to make tech driven operations more aligned and efficient.
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service.
DXWorldEXPO LLC announced today that the upcoming DXWorldEXPO | CloudEXPO New York event will feature 10 companies from Poland to participate at the "Poland Digital Transformation Pavilion" on November 12-13, 2018.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...