The fund has been closed to new investors since February of 2000, according to a press release.
“The portfolio management team is finding what they believe are compelling investment opportunities. This combined with lower assets in the fund, as a result of the downturn in the market, drove our decision to re-open the fund to new investors,” said Jeff Kautz, CIO of Perkins, in the release.
Perkins appointed Justin Tugman, an analyst with the firm, as a co-portfolio manager of Perkins Small Cap Value Fund and related strategies. Tugman, who has more than eight years of professional money management experience, joins long-time co-portfolio managers Bob Perkins and Todd Perkins in managing the small cap value products offered by Perkins.
Prior to joining Perkins, Tugman was an energy sector analyst at Simmons & Company International.