MEMPHIS, Tenn., Oct. 19, 2009 (GLOBE NEWSWIRE) -- SouthernSun Asset Management, advisor to the SouthernSun Small Cap Fund, today announced the availability of an Institutional share class for the Fund. The new share class (SSSIX) is for institutional investors with $1 million or more to invest and will carry a lower expense structure than the original Investor share class (SSSFX) of the Fund.
Michael W. Cook, CEO and Chief Investment Officer of SouthernSun Asset Management, said, "SouthernSun is pleased to announce the new Institutional share class, and believes it meets a demand many of our larger investors and consultants have expressed to us."
SouthernSun seeks to invest in niche-dominant, attractively valued companies with financial flexibility and high quality management teams. The firm believes careful, in-depth analysis of a company's financial strength, market position, and human capital is the most comprehensive method of assigning proper valuations, identifying catalysts, and reducing risk of investment.
The SouthernSun Small Cap Fund is a no-load small cap open-end mutual fund launched 9/30/03. Memphis-based SouthernSun Asset Management is the advisor to the fund, with Michael W. Cook serving as the Portfolio Manager to the Fund since inception. For more information on the Fund visit www.southernsunfunds.com or call 866-672-3863.
About SouthernSun Asset Management
SouthernSun Asset Management, a Registered Investment Advisor established in 1989, is a research-driven investment management firm specializing in U.S. Small Cap Equity and U.S. SMID Cap Equity investment strategies. The firm, which is based in Memphis, TN, was founded by CEO and Chief Investment Officer Michael W. Cook. As of September 30th, 2009, the firm manages approximately $1.3 billion in assets across various client channels and investment vehicles. For more information about SouthernSun Asset Management please visit our website at www.southernsunam.com.
Investments in the SouthernSun Funds are not FDIC-insured nor are they deposits of or guaranteed by a bank or any other entity, so you may lose money. Small cap securities involve greater risk than securities of larger, more-established companies, as they often have limited product lines, markets or financial resources and may be subject to more-erratic and more-abrupt market movements.
Investors should carefully consider the investment objectives, risks, charges and expenses of the SouthernSun Funds. This and other information about the Funds is contained in the prospectus and should be read carefully before investing. The prospectus can be obtained by calling toll free 1-866-672-3863 or visiting www.southernsunfunds.com. The SouthernSun Funds are distributed by Northern Lights Distributors, LLC.
1165-NLD-10/7/2009