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Any news regarding Joe Milano/Greenhouse Funds, LP

JJM58
in Fund Discussions
I recall reading here at MFO that past T Rowe Price small cap fund mger
Joe Milano was set up in NYC and was planning to open a value oriented
micro-cap stock fund.....called the Greenhouse MicroCap Discovery Fund.
RW Baird was an investor and seemed to have a hand in this new fund's
marketing and distribution......

Joe Milano had a strong performance run at T Rowe Price with a small cap
mutual fund & I am interested in learning more about when his fund is open
for individual investments.....

Any new development summaries would be appreciated.....Thanks

Comments

  • TSP_TransferTSP_Transfer
    edited March 2015
    Was just reviewing some of David Snowball's earlier Funds in Registration feature earlier tonight and was curious myself.

    Greenhouse MicroCap Discovery Fund
    BCDSX:US
    PENDING LISTING
    GREENHOUSE MICROCAP DISCOVERY FUND (BCDSX:US) IS PENDING LISTING

    Greenhouse MicroCap Discovery Fund an open-end fund incorporated in the USA. The Fund seeks long-term capital appreciation. The Fund invests in equity securities of micro-cap companies. The Subadvisor seeks to uncover companies run by disciplined management teams possessing clear strategies for growth and that the Subadvisor believes trade at a discount to intrinsic value.
    http://www.bloomberg.com/quote/BCDSX:US

    GREENHOUSE MICROCAP DISCOVERY FUND
    Greenhouse MicroCap Discovery Fund will pursue long-term capital appreciation by investing in 50-100 microcaps “run by disciplined management teams possessing clear strategies for growth that … trade at a discount to intrinsic value.” The fund will be managed by Joseph Milano and James Gentile. Mr. Milano was portfolio manager of the T. Rowe Price New America Growth Fund (PRWAX) from 2002-2013. Morningstar described his investment preferences as “idiosyncratic … somewhat defensive … [tending toward] cyclicals.” He beat the S&P by about 2% a year over his career. The initial expense ratio is capped at 2.00% for investor shares. The minimum initial investment is $2500, reduced to $1000 for various sort of tax-advantaged accounts.
    http://www.mutualfundobserver.com/2014/11/november-2014-funds-in-registration/

    Also curious here:
    RIVERPARK FOCUSED VALUE FUND

    RiverPark Focused Value Fund will seek long-term capital appreciation. The plan is to focus on large cap domestic stocks, with particular focus on “special situations” such as spin-offs or reorganizations and on firms whose share prices might have cratered. They’ll buy if it’s a high quality firm and if the stock trades at a substantial discount to intrinsic value. They’ll sell when the stock approaches their target price for it
    http://www.mutualfundobserver.com/2015/01/january-2015-funds-in-registration/
  • JJM58
    TSP_Transfer

    Thanks for the fund symbol....I did not have that data

    Wonder when we get news about when this thing
    starts posting a daily price .....
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