William Blair today announced the launch of the William Blair Mid Cap Value Fund (WVMIX). The fund, to be managed by portfolio managers Matthew Fleming, CFA, and William V. Heaphy, CFA, seeks long-term capital appreciation by investing in a diversified portfolio of equity securities of mid-cap companies.
“Mid-cap equities are an unappreciated segment of the market despite generating one of the strongest track records of risk-adjusted performance. We believe that smaller companies are better positioned to adapt business models and react to shifting operating environments, and our actively-managed approach seeks to identify high-quality companies trading at discounts to their intrinsic value,” said William V. Heaphy, CFA, portfolio manager and head of the U.S. Value Equity Team.
The new fund is managed by Mr. Fleming and Mr. Heaphy, supported by a team of research analysts, associates, and traders, with an average of 23 years industry experience and more than 13 years working together. The team’s disciplined, rigorous analysis searches for companies with strong management teams that consistently exhibit high returns on capital, high barriers to entry, strong cash flow generation, and high recurring margins.
“William Blair has a long and distinguished history of investing in high-quality growth equities on a global basis; this is an opportunity for clients to capitalize on the complementary skills of our recently acquired value team and diversify their portfolios with mid-cap value stocks,” said Robert Duwa, CFA, head of North American distribution.
The Mid Cap Value Fund expands the suite of William Blair strategies available to U.S. investors. As of December 31, 2022, William Blair Investment Management manages approximately $79.6 billion.
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