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Drexel Hamilton Mutual Funds Acquire Ameristock Fund

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SOURCE: Drexel Hamilton Investment Partners

Military Disabled Veteran Owned Investment Manager Buys Assets of Existing U.S. Equity Fund

NEW YORK, NY (PRWEB) February 07, 2013

Drexel Hamilton Investment Partners, LLC (DHIP), a certified military disabled veteran owned investment manager based in New York with a series of ’40 Act mutual funds has completed a transaction to acquire the assets of an existing mutual fund based in San Francisco, CA. DHIP’s existing Drexel Hamilton Centre American Equity Fund (DHAMX) will absorb the assets and re-organize the former US equity mutual fund, a similar U.S. large-cap equity fund in investment objective and strategy. “DHIP’s mutual fund complex will afford the shareholders continued investment in the Fund with a well-known and experienced fund manager as well as provide access to other Drexel Hamilton Funds on DHIP’s platform,” said Andrew Bang, managing director and a founding partner at DHIP.
The Drexel Hamilton Mutual Funds include:

  •     Drexel Hamilton Centre American Equity Fund (concentrated U.S. large cap)
  •     Drexel Hamilton Centre Global Equity Fund (GDP weighted Global large cap)
  •     Drexel Hamilton Multi-Asset Real Return Fund (tactical allocation across equity, fixed income, commodities, and cash)

Drexel Hamilton Investment Partners serves U.S. corporations, public and private institutions, pension funds and insurance companies, as well as financial advisors and their clients. With the acquisition, DHIP will begin to distribute the Drexel Hamilton Mutual Funds to retail customers through Schwab, Fidelity, TD Ameritrade and other similar retail channels to supplement its existing institutional share class offerings.

DHIP is a leading disabled veteran-owned investment manager and is committed to partnership with clients in the education and adherence regarding the new federal, state, and local laws mandating the use of disabled veteran owned firms in their investment programs. DHIP, formed in 2010, offers specialist single manager equity strategies that they believe demonstrate a competitive advantage in their region/style as well as a distinctive multi-asset real return strategy. The partners of the firm previously served as U.S. military officers, including a Medal of Honor recipient as well as a former Delta Force (Army special operations) soldier, and are Wall Street veterans with experience at Credit Suisse, Lehman Brothers, and GE Asset Management.

DHIP is committed to supporting the greater community of service-disabled veterans and therefore, the company’s mandate is to recruit, hire, train, and mentor disabled veterans whenever possible. Institutional investors may benefit or receive credit for engaging DHIP as an investment manager as per federal and applicable state and local laws.

For additional information please contact:
Andrew Bang
Drexel Hamilton Investment Partners LLC
212-918-4710
info(at)dhipfunds.com
http://www.dhipfunds.com

About the Company
Drexel Hamilton Investment Partners, LLC (DHIP), an SEC-registered investment adviser, provides investment advisory and management services to institutional clients through a stable of funds as a leading Service Disabled Veteran Owned Small Business (“SDVOSB”). DHIP is the investment adviser to the Drexel Hamilton Funds and is a wholly independent company from Drexel Hamilton LLC, a broker/dealer, and Drexel Hamilton Financial, LLC.

# # #

Investors should consider the investment objectives, risks, charges and expenses of the Mutual Funds carefully before investing. To obtain a prospectus containing this and other information, please call 1-855-298-4236 or download the file from http://www.dhipfunds.com    
Read the prospectus carefully before you invest.

There is no assurance that this investment philosophy will consistently lead to successful investing. Funds that emphasize investments in smaller companies or concentrated portfolios will generally experience greater price volatility. Foreign investing involves special risks such as currency fluctuations and political uncertainty (Global Equity invests in foreign companies). Value investments are subject to the risk that their intrinsic values may not be recognized by the broad market.

Drexel Hamilton Investment Partners, LLC, Credit Suisse, Lehman Brothers, GE Asset Management, Schwab, Fidelity, and TD Ameritrade are not affiliated with ALPS Distributors, Inc.

Drexel Hamilton Mutual Funds are new and has limited operating history.         
DRX166 12/31/13

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