Artisan Partners Asset Management Inc. announced it will close its Global Value strategy and the Artisan Global Value Fund on Feb. 14.
Artisan stopped accepting new separate accounts for its Global Value strategy last February.
The strategy, launched in 2007, is managed by the Artisan Global value team, led by portfolio managers Dan O’Keefe and David Samra. Assets under management were about $14 billion as of December 31.
“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,” said Eric Colson, chief executive officer of Artisan Partners. “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.”
