ATLANTA, March 27, 2015 /PRNewswire/ -- RidgeWorth Investments is pleased to announce that Sidney E. Harris, who serves on the RidgeWorth Funds Board of Trustees as Independent Chairman, was named Trustee of the Year at the Fund Directions 22nd Annual Mutual Fund Industry Awards. Thomas Harman, Partner at Morgan, Lewis & Bockius and counsel to the RidgeWorth Funds Independent Trustees, was nominated for Independent Counsel of the Year.
The Fund Directions Annual Mutual Fund Industry Awards recognize the people and organizations that stand out for their excellence, achievements and contributions to the mutual fund industry. The editors of Fund Action and Fund Directions select nominees and winners by evaluating market intelligence and industry input garnered through nomination solicitations. This year's award ceremony was held on March 26 in New York City.
Dr. Harris was integral to the due diligence process in the deal between employees of RidgeWorth Investments and private equity firm Lightyear Capital LLC to acquire RidgeWorth from SunTrust Banks, Inc. in 2014. The outstanding leadership and structure he provided, including special board meetings, on-site due diligence visits, and a myriad of informational requests and discussions, were integral to the transaction's ultimate success.
"We commend Sid for his consistent strong leadership and thoughtful approach in leading the Board's oversight of the RidgeWorth Funds over the years. This diligent approach was evident through his steady hand that guided the board throughout the course of the recent acquisition," said RidgeWorth Investments Chief Executive Officer and Chief Investment Officer Ashi Parikh. "There were no surprises. His leadership was meticulous, demonstrated by his focus and approach in keeping all vested parties informed while ensuring the board's commitment and responsibilities to RidgeWorth Funds' shareholders." Dr. Harris joined the RidgeWorth Funds' Board of Trustees in 2004 and has served as Independent Chairman since 2007.
"We are delighted by the recognition bestowed to Sid through this well-deserved award. His hard work through the acquisition demonstrates his commitment to our shareholders, employees and other board members. We applaud him for a job well done," said Parikh.
To learn more about the Fund Directions Mutual Fund Industry Awards, visit http://www.funddirections.com/awards/
About RidgeWorth Investments
RidgeWorth Investments serves as a holding company that owns interests in five investment boutiques with $45.6 billion in assets under management as of December 31, 2014. RidgeWorth's wholly owned boutiques are Ceredex Value Advisors, Certium Asset Management, Seix Investment Advisors, and Silvant Capital Management. RidgeWorth also holds a minority ownership in Zevenbergen Capital Investments. These investment boutiques manage a wide variety of investment disciplines across the fixed income and equity asset classes. Our boutiques provide investment management services to a growing client base that includes endowments, foundations, corporations, healthcare organizations, municipalities, public funds, associations, insurance companies, labor unions and high net worth individuals. In addition, RidgeWorth serves as the investment adviser to the RidgeWorth Funds mutual fund family. RidgeWorth Investments is a trade name for RidgeWorth Capital Management LLC, an investment adviser registered with the SEC headquartered in Atlanta. For more information about RidgeWorth, please visit www.ridgeworth.com.
©2015 RidgeWorth Investments. All rights reserved. RidgeWorth Investments is the trade name for RidgeWorth Capital Management LLC, an investment adviser registered with the SEC and the adviser to the RidgeWorth Funds. RidgeWorth Funds are distributed by RidgeWorth Distributors LLC, which is not affiliated with the adviser. Collective Strength. Individual Insight. is a federally registered service mark of RidgeWorth Investments.
SOURCE RidgeWorth Investments