Artisan Partners Asset Management Inc. Announces Process for Closing of Non-U.S. Growth Strategy; Partial Reopening of Global Value Strategy

MILWAUKEE--()--Artisan Partners Asset Management Inc. (NYSE: APAM) announced today it will begin the process of closing the Artisan Non-U.S. Growth Strategy, which is managed by the Artisan Partners Global Equity Team led by portfolio managers Mark Yockey, Charles Hamker and Andrew Euretig. The strategy launched on 1 January 1996 and assets in the strategy were approximately $29.7 billion as of 31 August 2015.

Artisan Partners CEO Eric Colson said, “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. 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.”

The strategy will close to most new retail and intermediary investors effective 1 February 2016; it will close to most new institutional investors and employee benefit plans (including 401(k) plans and other types of defined contribution plans) effective 1 October 2016. Even after closing, the strategy will remain available to existing clients and investors and new clients and investors who meet certain eligibility criteria.

Effective 1 October 2015, Artisan Partners will reopen the Artisan Global Value Strategy across all pooled vehicles. The strategy will remain closed to most new separate accounts. The strategy is managed by the Artisan Partners Global Value Team led by portfolio managers Dan O’Keefe and David Samra. The strategy launched on 1 July 2007 and assets in the strategy were approximately $14.1 billion as of 31 August 2015.

ABOUT ARTISAN PARTNERS

Artisan Partners is a global investment management firm that provides a broad range of high value-added investment strategies in growing asset classes to sophisticated clients around the world. Since 1994, the firm has been committed to attracting experienced, disciplined investment professionals to manage client assets. Artisan Partners' autonomous investment teams oversee a diverse range of investment strategies across multiple asset classes. Strategies are offered through various investment vehicles to accommodate a broad range of client mandates.

Contacts

Artisan Partners Asset Management Inc.
Investor Relations Inquiries
Makela Taphorn
866.632.1770
414.908.2176
ir@artisanpartners.com

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Release Summary

Artisan Partners Asset Management Inc. announced today it will begin the process of closing the Artisan Non-U.S. Growth Strategy, which is managed by the Artisan Partners Global Equity Team

Artisan Partners Asset Management Inc.