10 February 2014

Milwaukee, Wisconsin. Artisan Partners announced that it will be closing its Global Value strategy, including all co-mingled vehicles, to most new investors effective as of the close of business on 14 February 2014. On 14 February 2013, the firm announced a partial closing of the strategy by no longer accepting new separate accounts. The Global Value strategy is managed by the Artisan Global Value team, which is led by portfolio managers Dan O’Keefe and David Samra. The strategy launched on 1 July 2007 and as of 31 December 2013 assets in the strategy were approximately $14.1 billion.

Artisan Partners CEO Eric Colson said, “We manage capacity for each of our strategies individually, taking a conservative approach that considers total assets under management, the velocity of asset growth and the mix of business across distribution channels, geographic regions and client types. We also consider other factors, such as the exceptional market performance over the past five years, which has contributed to the rate of asset growth in the Artisan Global Value strategy. At this point in the evolution of strategy capacity we believe that a further closing is necessary to preserve the integrity of the strategy over the long-term."

 

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