News / February 1, 2021

Wasatch Announces Retirement of Roger Edgley and Portfolio Manager Changes

As part of a long-term succession plan, Wasatch Global Investors announced today that Roger Edgley, Director of International Research, has retired from the firm.  Wasatch also announced changes to the portfolio management teams of the Wasatch Micro Cap Fund and Wasatch Global Select Fund and related institutional strategies.

Mr. Edgley joined Wasatch in 2002, seeing an opportunity to expand Wasatch’s rigorous, bottom-up research process to find high-quality companies outside of the U.S.  Over the past 18 years, Wasatch has grown its international effort to offer 11 global and ex-U.S. strategies with $13.6 billion in assets under management, almost half of Wasatch’s total assets.  Mr. Edgley helped build an experienced group of portfolio managers and analysts dedicated to a team-based, long-term investment approach.

“For some time, Roger has been working with the Wasatch Board of Directors on long-term succession planning,” said Eric Bergeson, President of Wasatch Global Investors.  “Succession planning is not a periodic event at Wasatch but rather embedded in our DNA.  We are constantly planning for the next generation of talent to pick up the mantle for our clients.  Roger was instrumental in developing the firm’s expertise and capabilities and a tremendous steward of our culture.  I am grateful for his vision and leadership and will continue to value his friendship.  We thank him for his years of service and congratulate him on an extraordinary career.”

Also announced today is the transition of Dan Chace from the portfolio management team of the Micro Cap Fund and related institutional strategies and Ken Korngiebel from the portfolio management team of the Global Select Fund and related institutional strategies.  Both portfolio managers remain at Wasatch.  Dan Chace will continue to manage the Emerging Markets Small Cap, Greater China and International Opportunities Fund and strategies.  Ken Korngiebel will continue to manage the Micro Cap and Small Cap Growth Fund and strategies. Full details of the changes are included in the table below.

                                                                Portfolio Manager Changes                                       
Wasatch Fund / StrategyPrevious Portfolio ManagementCurrent Portfolio Management
Global SelectKen Applegate, Portfolio Manager

Ken Korngiebel, Portfolio Manager

Linda Lasater, Portfolio Manager

Mike Valentine, Portfolio Manager

Paul Lambert, Portfolio Manager

Ken Applegate, Portfolio Manager

Linda Lasater, Portfolio Manager

Mike Valentine, Portfolio Manager

Paul Lambert, Portfolio Manager

Micro CapKen Korngiebel, Lead Portfolio Manager

Dan Chace, Portfolio Manager

 

Ken Korngiebel, Lead Portfolio Manager

 


About Wasatch Global Investors
Wasatch Global Investors is a 100% employee-owned investment manager founded in 1975 and headquartered in Salt Lake City, Utah. Named after the nearby Wasatch Mountain Range, the firm brings unparalleled experience to U.S. and international micro-, small- and mid-cap investing with a culture that emphasizes collaboration, excellence and intellectual curiosity. Wasatch had $32.3 billion in assets under management as of December 31, 2020. Wasatch Global Investors is registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.

Risks

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 markets, entails special risks such as currency fluctuations and political uncertainties, which are described in more detail in the prospectus. Being non-diversified, the Global Select and Greater China Fund can invest a larger portion of its assets in the stocks of a limited number of companies than a diversified fund. Non-diversification increases the risk of loss to the Fund if the value of these securities decline. The Global Select and Greater China Fund are new and has a limited operating history. The Greater China Fund is subject to risks associated with investments in China and countries in the greater China region that could affect the value of your investment in the Fund, including government control over currencies, economic conditions, industries and specific issuers, as well as continued strained international relations, uncertainty regarding taxes, and limits on credible corporate governance and accounting standards. Because of its exposure to greater China, including Mainland China and China’s special administrative regions, such as Hong Kong, the Fund is subject to greater risk of loss as a result of volatile securities markets, adverse exchange rates and social, political, military, regulatory, economic or environmental developments, or natural disasters that may occur in the China region. The imposition of tariffs or other trade barriers by the U.S. or foreign governments on exports from China may also have an adverse impact on Chinese issuers. The Greater China Fund may invest in the securities of Chinese issuers through the China Stock Connect programs. Trading through the Stock Connect Programs is currently subject to a daily quota, which limits the maximum net purchases by all purchasers using the Stock Connect Programs each day. While the daily quotas are relatively large, there is the possibility that the quotas could be reduced or exceeded, meaning buy orders for China A-shares would be rejected, affecting the Fund’s ability to efficiently execute on its investment strategy. The investment objective of the Funds 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 wasatchglobal.com or call (800) 551-1700.  Please read it carefully before investing