Carillon Tower Advisers’ affiliate launches new SICAV fund

Carillon Tower Advisers, a global multi-boutique asset management firm, has launched a new fundamentally driven, active US small cap equity SICAV fund, the “Raymond James Funds Eagle US Small Cap Strategy,” to be managed by its affiliate Eagle Asset Management.

The fund offers European investors exposure to a high-quality, active US small cap equity strategy, with a focus on sustainable investment philosophies. Eagle is a signatory of the UN-backed Principles for Responsible Investment, and the fund employs an Environmental, Social and Governance (ESG)-aware process. The fund will be managed by members of Eagle’s team based in Waterbury, Vermont. The veteran team seeks to provide strong, risk-adjusted returns to its institutional partners.

“We’re excited to be launching this fund, which embraces our philosophy of investing in durable franchises with strong balance sheets and sustainable business models,” says portfolio co-manager Matthew McGeary, CFA. “We believe our team’s collaborative, active management approach and ability to generate high-quality proprietary research and valuation discipline will allow us to target promising small-cap companies across all market conditions.”

The seasoned investment team consists of McGeary and portfolio co-managers Jason Wulff, CFA, Betsy Pecor, CFA, and Matt Spitznagle, CFA. The team has worked together since 2005 at a prior firm, and most joined Eagle in 2012. Wulff joined in 2015.

“This new fund demonstrates Carillon’s continued commitment to supporting institutional investors in the UK and continental Europe,” adds Aaron Ochstein, CFA, Carillon’s global head of Sales. “We are very pleased to be able to launch a SICAV with a competitive fee structure in an attractive, capacity-constrained asset class like US small caps.”

The SICAV is one of two funds managed by Carillon affiliates and offered by Raymond James Asset Management International. The other is the Reams Unconstrained Bond Fund.  

“This new SICAV will create value for an expanded set of clients, especially given our emphasis on durable sustainability principles,” says Cooper Abbott, CFA, CAIA, CFE, chairman and president of Carillon Tower. “Our multi-boutique model gives us the ability to specialise in multiple asset classes and strategies, while maintaining the size and resources needed for a robust business infrastructure.”