Wayne Hummer Asset Management launched a new small-cap core mutual fund to be managed by Katherine Buck, managing director, confirmed Todd Doersch, managing director. Ms. Buck joined the firm in July.
The Wayne Hummer Small Cap Core Mutual Fund is open to institutional and retail investors.
"We believe the small-cap market offers opportunities for active managers to find hidden gems," Ms. Buck said a news release. We look for stocks with low valuations where firms have strong or improving return on capital and solid balance sheets to protect equity holders through economic cycles."
Wayne Hummer has more than $4 billion in assets under management or advisement, Mr. Doersch said.