Lawyer Will Start, Manage Fund
September 20, 1999
Thomas P. Meehan, a lawyer in Washington, D.C., is planning to offer his own mutual fund, according to a registration statement filed with the SEC Sept. 7. The Meehan Focus Fund, part of the Meehan Mutual Funds, plans to invest in no more than 25 stocks at one time, according to the registration statement. There are no other funds in the family. The no-load fund will follow a value-oriented investment strategy.
Meehan is president of Edgemoor Capital Management of Washington, the fund's adviser. The Meehan Focus Fund will be the first mutual fund for Meehan and Edgemoor. Meehan has experience running investment portfolios, however. Meehan has served as the investment manger for the pension and profit sharing plans for Sherman, Meehan, Curtin & Ain, a Washington law firm that Meehan co-founded in 1968.