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Ken Korngiebel to Join Dan Chace as the Lead Portfolio Manager of the Wasatch Micro Cap Fund

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Salt Lake City, Utah, June 29, 2017 – Wasatch Advisors has announced that, effective July 1, 2017, Ken Korngiebel, CFA, will become the Lead Portfolio Manager of the Wasatch Micro Cap Fund (WMICX).  Dan Chace, CFA, will continue as a Portfolio Manager of the Fund.

“We’re excited about Ken becoming the Lead Portfolio Manager of the Micro Cap Fund.  Collaboration, teamwork and a multiple eyes investment culture are instrumental to our process.  We believe Ken and Dan together can generate strong results for our clients,” said JB Taylor, CEO of Wasatch Advisors.

Ken Korngiebel, CFA joined Wasatch Advisors in 2015, providing research support and leadership for the entire U.S. small-cap equity team.  His investment career has spanned more than 20 years, during which he has covered small-, mid- and large-cap growth stocks across all sectors. 

Prior to joining Wasatch Advisors, Mr. Korngiebel was a founder, partner and lead portfolio manager at Montibus Capital Management, which is a business backed by Stifel Financial Corp.  At Montibus, he led a team of five investment professionals from 2006 to 2015, managing the firm’s long-only small- and SMID-cap growth portfolios totaling $1 billion in assets.  Earlier in his career, he was a senior managing director and lead portfolio manager at Columbia Management Company, where he rebuilt a six-person investment team, implemented a new philosophy and process, and managed small-, SMID- and mid-cap growth portfolios totaling $2.6 billion in assets.  His tenure at Columbia Management was from 1996 to 2006.

Mr. Korngiebel holds a Master of Business Administration from the Wharton School of the University of Pennsylvania, and a Bachelor of Arts in Economics and Spanish from Stanford University.  He is also a CFA charterholder. 

Dan Chace, CFA has been the Lead Portfolio Manager of the Micro Cap Fund since 2004.  Effective July 1, 2017, he will continue as a Portfolio Manager of the Fund.  Mr. Chace joined Wasatch Advisors in 2002.

Prior to joining Wasatch, Mr. Chace earned a Master of Business Administration from Harvard Business School. Before entering business school in 2000, he worked in New York City as an equities analyst following Latin American financial institutions at J.P. Morgan Securities Inc. From 1999 to 2000, he was the lead Latin American financial institutions analyst at SG Cowen Securities Corporation. Mr. Chace received a Bachelor of Arts in Cultural Anthropology from Pomona College.  He is also a CFA charterholder. 

 

About Wasatch Advisors®

Wasatch Advisors is the investment manager to Wasatch Funds, as well as to separately managed institutional and individual portfolios.  Wasatch Advisors pursues a disciplined approach to investing, focused on bottom-up, fundamental analysis to develop a deep understanding of the investment potential of individual companies.  In making investment decisions, the portfolio managers employ a uniquely collaborative process to leverage the knowledge and skill of the entire Wasatch Advisors research team.  Wasatch Advisors is an employee-owned investment advisor founded in 1975 and headquartered in Salt Lake City, Utah.  The firm had $15.5 billion in assets under management as of May 31, 2017.  Wasatch Advisors, Inc. is registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.

 

Contact Information:

Eric Bergeson:  801.983.4119 / eric@wasatchadvisors.com

Steve Rung:  801.415.5523 / srung@wasatchadvisors.com

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RISKS AND DISCLOSURES:

Mutual-fund investing involves risks, and loss of principal is possible.  Investing in small or micro cap funds will be more volatile, and loss of principal could be greater than investing in large cap or more diversified funds.  Investing in foreign securities, especially in emerging and frontier markets, entails special risks, such as unstable currencies, highly volatile securities markets, and political and social instability, which are described in more detail in the prospectus.

The investment objective of the Micro Cap Fund is long-term growth of capital.

An investor should consider investment objectives, risks, charges and expenses carefully before investing.  To obtain a prospectus, containing this and other information, visit www.WasatchFunds.com or call 800.551.1700.  Please read the prospectus carefully before investing.

Separately managed accounts and related investment advisory services are provided by Wasatch Advisors, Inc., a federally regulated investment advisor.

CFA® is a trademark owned by CFA Institute.

© 2017 Wasatch Funds.  All rights reserved.  Wasatch Funds are distributed by ALPS Distributors, Inc. (ADI).  Eric Bergeson and Steve Rung are registered representatives of ADI.  ADI is not affiliated with Wasatch Advisors, Inc.

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