Pilgrim Baxter and Associates will launch its first mutual funds with Newbold's in December. The PBHG Strategic Small Company fund will be run by Jim Smith of PBHG for growth and Jim Farrell of Newbold's for value.
Gary Pilgrim will help the two portfolio managers tilt allocations between growth and value. The fund will be capped at $250 million.
Another fund is the PBHG Large Cap Value fund; it will be run solely by Newbold's.