FYI: In one respect, Scott Moore probably never belonged at American Century funds. “I grew up in a small town called Carterville, Illinois, with a population of about 3,000,” says the 54-year-old entrepreneur and manager of Nuance Mid Cap Value. Though American Century is hardly a Wall Street behemoth, for Moore, working at the Kansas City, Mo.-based firm with $100 billion in assets and 1,300 employees still required some cultural adjustments.
Moore now runs his boutique, three-fund shop— Nuance Mid Cap Value (ticker: NMAVX), Nuance Concentrated Value (ticker: NCAVX), and Nuance Concentrated Value Long-Short (NCLIX)—that is more like Carterville than Kansas City. The firm has 16 employees and defined capacity constraints for each fund. Mid Cap Value is the largest at $935 million. Combined with privately managed accounts run in an identical style, the strategy has $1.3 billion, and Moore sees its total capacity at $2 billion and $3.5 billion for his entire firm.
Regards,
Ted
https://www.barrons.com/articles/big-returns-at-fund-with-small-town-values-51548943200?mod=hp_DAY_9Nuance Funds Website:
http://www.nuanceinvestments.com/funds
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