15 July 2021
San Francisco. Artisan Partners announced today that it will close the Artisan Non-US Small-Mid Growth Strategy to most new investors effective 30 July 2021. The Strategy will remain open to existing investors and investors who satisfy certain new account eligibility requirements.
The Non-US Small-Mid Growth Strategy is managed by Portfolio Manager Rezo Kanovich. Launched on 1 January 2019, the Strategy had approximately $9 billion in assets under management as of 30 June 2021.
Artisan Partners CEO Eric Colson said, “Our approach to opening or closing strategies is an important tool in protecting the integrity of each team’s investment process. Rezo and his team have successfully delivered strong performance results for clients, which has led to accelerating investor cash flows. To preserve the team’s ability to achieve its investment objectives, we believe now is the right time to limit new investments in the strategy.”
Investment Risks: International investments involve special risks, including currency fluctuation, lower liquidity, different accounting methods and economic and political systems, and higher transaction costs. These risks typically are greater in emerging markets. Securities of small- and medium-sized companies tend to have a shorter history of operations, be more volatile and less liquid and may have underperformed securities of large companies during some periods. Growth securities may underperform other asset types during a given period.
Artisan Partners Limited Partnership (APLP) is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC). Artisan Partners UK LLP (APUK) is authorized and regulated by the Financial Conduct Authority and is a registered investment adviser with the SEC. APEL Financial Distribution Services Limited (AP Europe) is authorized and regulated by the Central Bank of Ireland. APLP, APUK and AP Europe are collectively, with their parent company and affiliates, referred to as Artisan Partners herein.
This announcement is for information purposes only and does not constitute an offer, an invitation or a solicitation for investment or subscription for shares of funds or investment services in any country. Any person who is in possession of this material is hereby notified that no action has or will be taken that would allow an offering of any Artisan Partners product or service unless in compliance with local regulations. Neither this announcement nor any other material relative to this announcement have been submitted to any local regulatory authority for prior review or approval. This material is intended for the recipient’s information and use only and may not be distributed or made available (in whole or in part) in any local jurisdiction, directly or indirectly, except as permitted by local law and regulation.
