Towneley Capital changes fund names
February 1, 1999
Towneley Capital Management, manager of the Eclipse family of mutual funds and the Libre hedge funds, announced that the names of the Eclipse Equity Fund and the Eclipse Growth and Income Fund have been changed to better reflect the investment strategy of each.
The Eclipse Equity Fund has been renamed the Eclipse Small-Cap Value Fund and the Eclipse Growth and Income Fund has been renamed the Eclipse Mid-Cap Value Fund. Both are co-managed by Dr. Wesley McCain and Kathy O'Connor.
The Eclipse Small-Cap Value Fund invests in undervalued small-cap companies with improving performance. The Eclipse Mid-Cap Value Fund examines the operating results of over 1,800 mid-cap stocks to identify the undervalued stocks whose results are improving.