Liberty All-Star(R) Equity Fund Announces New Portfolio Manager
Sep 11, 2015 16:15:00 (ET)
BOSTON--(BUSINESS WIRE)--September 11, 2015--
The Board of Trustees of Liberty All-Star Equity Fund (NYSE: USA) has appointed Delaware Investments Fund Advisers ("Delaware") as one of the Fund's five investment managers effective September 14, 2015 replacing Schneider Capital Management Corporation.
The investment team at Delaware, led by D. Tysen Nutt, Jr., practices a large capitalization value investment style which will be used to manage their portion of the Fund's assets. Liberty All-Star Equity Fund's other managers are Cornerstone Capital Management LLC, Matrix Asset Advisors, Inc., Pzena Investment Management, LLC, and TCW Investment Management Company.
ALPS Advisors, Inc. is the investment advisor of the Liberty All-Star Equity Fund, a multi-managed, closed-end investment company with $1.1 billion in net assets. The Fund's shares are listed on the New York Stock Exchange under the symbol USA.
The Liberty All-Star Equity Fund is a closed-end fund and does not continuously offer shares. The Fund trades in the secondary market, investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market's value.
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CONTACT: Liberty All-Star Equity Fund
Bill Parmentier, 1-800-241-1850
www.all-starfunds.com
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