New York, NY, March 28, 2013 – Brown Brothers Harriman & Co. (“BBH”) announced today that it has launched the BBH Global Core Select Fund (the “Fund”) (tickers: BBGNX and BBGRX), a no-load mutual fund. The Fund will be co-managed by Regina Lombardi and Tim Hartch, two members of the BBH Core Select investment team. The Fund is the successor to the BBH private investment partnership, BBH Global Funds, LLC – Global Core Select, which launched on April 2, 2012.
BBH Global Core Select’s strategy is to invest in established, cash generative businesses that are leading providers of essential products and services with strong management teams and loyal customers, and are priced at a discount to estimated intrinsic value. The Fund will generally hold 30 to 40 companies with market capitalizations greater than $3 billion and which are headquartered in either developed countries, including the U.S., or developing countries with well established and liquid capital markets. At least 40 percent of the portfolio’s net assets will typically be invested in non-U.S. stocks.
“BBH Global Core Select fund is a natural extension of our disciplined approach to equity investing that we have carried out for more than a decade” said Tim Hartch, Co-Portfolio Manager of the Fund and the Partner in charge of BBH’s Equity Investment business. “While our investment team has researched, followed, and even owned non-U.S. companies for years, a global fund will provide greater flexibility for us to invest worldwide in shares of companies that meet our criteria.”
For more information about the Fund, please visit www.bbhfunds.com.
About Brown Brothers Harriman
BBH is a privately-held financial institution that has been a thought leader and solutions provider for nearly 200 years. The firm serves the most discriminating and sophisticated institutions, intermediaries, and individuals. BBH’s culture of accountability fosters deep and lasting relationships built on commitment, adaptability, and trust. The company is independent, selective, and specialized by design.