Liberty All-Star Equity Fund Appoints New Investment Manager
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Source: Newsfilter
- New Manager Appointment: Liberty All-Star Equity Fund has appointed Loomis, Sayles & Company as a new investment manager effective June 15, 2026, replacing Sustainable Growth Advisers, LP, indicating a strategic shift in management focus.
- Investment Style Shift: Led by Aziz Hamzaogullari, Loomis Sayles emphasizes large-cap growth investing, targeting high-quality businesses with sustainable competitive advantages, which is expected to enhance the fund's return potential.
- Management Structure: The fund's other investment managers include Aristotle Capital Management, Fiduciary Management, Pzena Investment Management, and TCW Investment Management, creating a diversified management team to navigate market fluctuations.
- Market Trading Mechanism: The fund is listed on the New York Stock Exchange, requiring investors to transact through intermediaries, highlighting the liquidity and market value aspects inherent to closed-end funds.
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About USA
Liberty All-Star Equity Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to seek total investment return, comprised of long-term capital appreciation and current income. The Fund seeks its investment objective through investment primarily in a diversified portfolio of equity securities. The Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities, defined as common stocks and securities convertible into common stocks such as bonds and preferred stocks, and securities having common stock characteristics such as warrants and rights to purchase equity securities (although, as a non-fundamental policy, not more than 20% of the value of the Fund’s total assets may be invested in rights and warrants). The Fund may lend its portfolio securities, write covered call and put options and engage in options and futures strategies. The Fund's investment advisor is ALPS Advisors, Inc.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Liberty All-Star Equity Fund Appoints New Investment Manager
- New Manager Appointment: Liberty All-Star Equity Fund has appointed Loomis, Sayles & Company as a new investment manager effective June 15, 2026, replacing Sustainable Growth Advisers, LP, indicating a strategic shift in management focus.
- Investment Style Shift: Led by Aziz Hamzaogullari, Loomis Sayles emphasizes large-cap growth investing, targeting high-quality businesses with sustainable competitive advantages, which is expected to enhance the fund's return potential.
- Management Structure: The fund's other investment managers include Aristotle Capital Management, Fiduciary Management, Pzena Investment Management, and TCW Investment Management, creating a diversified management team to navigate market fluctuations.
- Market Trading Mechanism: The fund is listed on the New York Stock Exchange, requiring investors to transact through intermediaries, highlighting the liquidity and market value aspects inherent to closed-end funds.
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- New Manager Appointment: Liberty All-Star Equity Fund has appointed Loomis, Sayles & Company as a new investment manager effective June 15, 2026, replacing Sustainable Growth Advisers, LP, indicating a strategic shift in management focus.
- Investment Style Shift: Led by Aziz Hamzaogullari, Loomis Sayles emphasizes large-cap growth investing, targeting high-quality businesses with sustainable competitive advantages, which is expected to enhance the fund's return potential.
- Management Structure: The fund's other investment managers include Aristotle Capital Management, Fiduciary Management, Pzena Investment Management, and TCW Investment Management, creating a diversified management team to navigate market fluctuations.
- Market Trading Mechanism: The fund is listed on the New York Stock Exchange, requiring investors to transact through intermediaries, highlighting the liquidity and market value aspects inherent to closed-end funds.
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- Strong Stock Market Performance: Despite low consumer sentiment, the S&P 500 has returned 25% over the past year, highlighting the importance of long-term investment and patience, which may attract more investors to the stock market.
- Corporate Earnings Growth: S&P 500 firms reported year-over-year earnings growth exceeding 11% in Q1, the highest since 2022, indicating that companies are performing well overall, driven by advancements in AI and other emerging technologies.
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- Polymetallic System Potential: The company plans to drill over 5,000 meters across the Magno, Kuhn, and D Zones, targeting high-grade mineralization, with historical results showing silver grades up to 2,370 g/t, enhancing the project's appeal.
- Strategic Investment Expansion: GoldHaven is also advancing its Copeçal Gold Project in Brazil, where an independent geology consultant confirmed a large-scale hydrothermal system and identified high-priority drill targets, showcasing the company's strategic diversification in discovery opportunities.
- Modern Geophysical Survey: The company has completed a modern airborne magnetic survey covering 1,741 kilometers in collaboration with Dias Airborne Limited, aimed at optimizing 2026 drill targets and further enhancing the exploration potential of the Magno project.
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- Bond Yield Comparison: The 30-year Treasury bond offers an annualized yield of approximately 4.9%, but selling early can lead to losses, whereas the S&P 500 index fund boasts an annualized return of 11.4%, highlighting the stark difference in long-term wealth growth potential.
- Impact of Savings Rate: With the average American savings rate at just 4%, a realistic savings rate of 20% of after-tax income means that achieving financial independence with a 5% annual return could take nearly 30 years longer, underscoring the severe consequences of overly conservative investment strategies.
- High-Yield Investment Options: Closed-end funds (CEFs) like the Liberty All-Star Equity Fund (USA) offer a high dividend yield of 10.3% and an annualized return of 11.2%, providing investors with an effective way to generate cash flow in a volatile market, while management commits to paying 10% of NAV as dividends, enhancing investor confidence.
See More
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- Global Bankruptcy Trend: 2026 is projected to mark the fifth consecutive year of rising global business insolvencies, highlighting the ongoing pressure on companies worldwide due to international conflicts, which may lead to increased financial distress.
- Job Risk Increase: An estimated 2.2 million jobs globally are at risk due to the insolvency wave expected in 2026, underscoring the potential threat to the labor market amid a sluggish economic recovery.
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