Sterling Capital Long/Short Equity Fund Adds Long/Short Consumer Manager

Feb 18, 2016, 06:00 ET from Sterling Capital Management, LLC

RALEIGH, N.C., Feb. 18, 2016 /PRNewswire/ -- Sterling Capital Management is pleased to announce the addition of Caerus Investors (Caerus) as a new subadviser to the Sterling Capital Long/Short Equity Fund. Caerus will manage a long/short equity sleeve focused on the consumer discretionary and consumer staples sectors. Caerus will seek to provide opportunistic exposure to companies in consumer-related areas such as retail, consumer electronics, Internet and media, apparel, hotels, restaurants, food and beverage, autos and airlines, homebuilders, and household and personal products.

Headquartered in New York, Caerus is led by Founder and Chief Investment Officer Ward Davis and Managing Partner and Co-portfolio Manager Brian Agnew. Davis was one of three founding partners at Trivium Capital Management, where he co-managed $940 million and led the consumer sector equities team. Prior to founding Trivium,  Davis led the consumer team at Chilton Investment Company, where he was a managing director. Brian Agnew was previously a portfolio manager for JP Morgan's Proprietary Equities Fund.  Prior to joining JP Morgan, he was an executive director at Stadia Capital where he covered consumer related equities. 

"Our focus has been to partner with boutique, long/short equity managers with deep expertise in a given sector of the economy," said L. Joshua Wein, CAIA, co-portfolio manager of the Long/Short Equity Fund. "Ward and Brian clearly understand the consumer landscape. Further, we feel they have the team in place to capitalize on opportunities in a sector that is fertile ground for a long/short equity fund."

"We look forward to working with the team at Caerus. Ward Davis and Brian Agnew are highly skilled investment managers who have, collectively, spent nearly 45 years covering the consumer space.  Together, they've developed a clearly differentiated approach to equity research, risk management, and portfolio construction and will represent a strong addition to the Sterling Capital Long/Short Equity Fund," said James C. Willis, CFA, co-portfolio manager of the Long/Short Equity Fund.

The Sterling Capital Long/Short Equity Fund was launched in December 2013. The fund allocates capital to five boutique sector-focused long/short equity managers covering consumer-, energy-, financials-, health care-, and information technology-related equities. The Sterling Capital Long/Short Equity Fund is offered in shares classes A, C, and Institutional.

Sterling Capital Management LLC

Sterling Capital Management, LLC, a registered investment advisor founded in 1970, has more than $50 billion in assets under management as of Dec. 31, 2015. Sterling is an independently operated subsidiary of BB&T Corporation, one of the nation's largest financial services holding companies. Headquartered in Charlotte, N.C., Sterling is comprised of more than 120 professionals in San Francisco, Calif; Atlanta, Ga.; Washington, D.C.; Raleigh, N.C.; Philadelphia, Pa; and Richmond and Virginia Beach, Va. Sterling provides investment management services to a diverse group of clients, including corporate, public, health care, private clients, endowment, foundation, insurance, subadvisory, and managed investment pools. Pensions & Investments magazine ranked Sterling No. 134 in the 2015 "Largest Global Money Managers" report.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the fund, please call 888-228-1872 or visit our website at SterlingCapitalFunds.com. Read the prospectus carefully before investing.

Mutual fund investing involves risk including a possible loss of principal.

Sterling Capital Management, LLC, a separate subsidiary of BB&T Corporation, serves as investment adviser to the Sterling Capital Funds and is paid a fee for its services. Shares of the Sterling Capital Funds are not deposits or obligations of, or guaranteed or endorsed by, Branch Banking and Trust Company or its affiliates. The funds are not insured by the FDIC or any other government agency. The funds are distributed by Sterling Capital Distributors, LLC, which is not affiliated with Branch Banking and Trust Company or its affiliates.

SOURCE Sterling Capital Management, LLC



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