Aquila Management Corp., New York, named Ferguson, Wellman, Rudd, Purdy & Van Winkle to subadvise a new Pacific Northwest regional stock fund that will invest in companies with a significant business interest in Oregon, Washington, Utah, Idaho, Nevada, Alaska and Hawaii.
Called the Aquila Cascadia Equity Fund, the minimum investment is $1,000 through stock brokers, financial planners or other registered representatives.
Ferguson, Wellman runs more than $1 billion for individuals and institutions.
Aquila, which manages nearly $3 billion, also offers a Rocky Mountain Equity fund and seven single-state tax exempt municipal bond funds.
