Milwaukee-based Artisan Partners Asset Management Inc. has announced it will close its Non-U.S. Growth Strategy.
The strategy is managed by the Artisan Partners Global Equity Team, whose leaders are Mark Yockey, Charles Hamker and Andrew Euretig. It was launched in 1996 and had about $29.7 billion in assets at the end of August.
In February, the Non-U.S. Growth Strategy will close to most new retail and intermediary investors. And in October 2016, it will close to institutional investors and employee benefit plans.
“We manage capacity for each of our strategies individually, taking a conservative approach that considers, among other things, total assets under management, the velocity of asset growth and the mix of business across distribution channels, regions and client types,” said Eric Colson, chief executive officer of Artisan Partners. “We’ve decided to begin the process of closing the Non-U.S. Growth strategy in order to manage the pace of additional growth and the diversification of assets across the Global Equity team’s four investment strategies. Significant capacity remains in the team’s Global Equity strategy; the team’s Global Small-Cap Growth strategy is also open.”
Artisan Partners will also reopen its Artisan Global Value Strategy beginning next month for pooled vehicles.