(February 9 – 16″25 ET) – Marathon Mutual Funds, Inc., a division of Triax Capital Holdings Ltd., announced today that it will cap its new fund – Marathon Plus Aggressive Growth Fund – at $100 million. Opened to the public in mid-December 1999, the Fund acquired over $50 million in assets at close of business yesterday.
The Fund is managed by Brendan Kyne, former portfolio manager for Chicago-based Driehaus Capital Management Inc. and now portfolio manager for Triax Investment Management Inc. Formerly, Mr. Kyne managed the 20/20 RSP Aggressive Equity Fund and 20/20 RSP Aggressive Smaller Companies Fund for Driehaus who sub-advised the funds for AGF Management Ltd. from their inception until last August, when AGF brought the management of the funds in-house.
“My mandate is to try to be better than other managers in this market, not the one managing the biggest fund. Hopefully this will allow me to play to my strength – aggressive trading in high growth markets,”says Kyne.
-IE Staff