ASG - Liberty All-Star Equity Fund: Latest Distribution Cut Keeps It Off Our Hall Of Fame
The Liberty All-Star Equity Fund (USA) is a closed end fund with $1.1 billion in total assets that invests in large-cap U.S. stocks. This non-leveraged fund features a unique strategy where five separate institutional money managers have each allocated an equal portion of the assets to invest independently. Currently, there are three managers with a "value" mandate and two covering "growth" investments. The idea here is to provide not only diversification but also varying sources of insight and expertise to improve returns. While the USA fund delivered solid returns over the past decade, it has