The CRM Website keeps investors constantly apprised of what is happening at the firm and with our investment strategies. Please visit this page regularly to access timely information.
At Cramer Rosenthal McGlynn, LLC we seek out the best investments for you and your clients to help achieve their goals. That process carries over to our sales professionals as well. As such, we are happy to announce a distribution partnership with FLX Distribution. FLX Distribution is helping advisors connect with Cramer Rosenthal McGlynn on the CRM line-up of mutual funds. The combined advisor facing teams at FLX Distribution and Cramer Rosenthal McGlynn will ensure greater client service, engagement, and awareness.
Launched in December 2019, FLX Distribution is revolutionizing the distribution experience between asset managers, wealth managers, and advisors. We provide a technology platform — known as a Resource and Asset Management Platform (RAMP) — that delivers unmatched scale, flexibility, and access to a modular and on-demand experience.
We are happy to announce the upcoming launch of a CIT vehicle for our CRM Small/Mid Cap Value strategy at the end of January 2021. This vehicle will offer a Founder’s share class available through April 30, 2021. We are pleased to offer more flexibility for qualified plans to invest in our CRM Small/Mid Cap Value strategy via this CIT structure. Please contact your CRM representative for further details on fees and available share classes.
As you know, the health and safety of our employees, clients, and community is our priority. We strive to provide a safe and productive work environment particularly during the COVID-19 pandemic. For that reason, we are temporarily moving CRM’s headquarters to Greenwich, Connecticut as of July 1, 2020. We have signed a one-year lease to provide us flexibility during these unusual times. We also plan to maintain a limited office presence in New York City. All emails and phone numbers for CRM employees will remain the same.
Please note our new address below:
28 Havemeyer Place
Greenwich, CT 06830
We are excited to announce CRM has entered into a management buyout agreement to repurchase the entire ownership stake currently held by our partner, M&T Bank. This agreement was reached with CRM employees investing in themselves without the assistance of third-party debt or capital.
We have had a long and prosperous relationship with M&T Bank / Wilmington Trust. However, with the finalization of this agreement, the employees of CRM have completed a long-held goal of repurchasing the firm in order to better align our interests with those of our clients and stakeholders. This transaction will enhance our ability to retain and attract top investment talent and focus all our resources on creating value for our clients. At CRM, we regularly discuss the importance of timing in the context of investing. With this repurchase, we see a confluence of factors that enables us to position our organization for the future success of our employees and clients.
CRM will continue to be led by our Executive Committee consisting of Chris Barnett, President, and Brian Harvey, CIO; they will become managing members of the firm. Our talented investment research team, which has been working together for nearly a decade, will continue to execute our disciplined approach focused on change, neglect, and relative valuation, that has served our clients well since the firm’s inception. The firm will continue to honor the core tenets of our founders: Gerry Cramer, Ed Rosenthal, and Ron McGlynn that are as true today as they were back in 1973.
Read the press release here.