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AllianceBernstein launches US equity fund with bias towards large and mid-cap stocks

AllianceBerstein has rolled out a new US equity fund with the intention of capitalizing on growth opportunities in large and mid-cap stocks thrown up by slow economic growth reported Citywire Global this week. The Lux-domiciled Select US Equity Portfolio is to be managed by former Caxton Associates’ employee Kurt Feuerman, who joined AllianceBernstein in June 2011. Ostensibly the investment strategy will look at all-cap stocks but the focus will mainly centre on large and mid-cap stocks. The portfolio will hold between 25 and 75 positions. Commenting on the launch, Feuerman, who has over 30 years’ investment experience, was quoted as saying: “In our view, slowing economic growth, if it occurs, doesn’t necessarily mean bad times ahead for stocks. It would, however, have a major impact on which types of stocks outperform.” 
 


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