SALT LAKE CITY--(BUSINESS WIRE)--Terry Lally has joined Wasatch Advisors as a Senior Research Analyst and a member of the portfolio-management team to work alongside Portfolio Managers Michael Shinnick and Ralph Shive on the Wasatch Long/Short Fund (FMLSX).
Before joining Wasatch Advisors, Mr. Lally was chief investment officer of Spotlight Funds and Spotlight Capital Management, which he co-founded in 2007. Prior to that, he was a portfolio manager and principal with Cramer Rosenthal McGlynn in New York. He began his investment career in 1989 as an analyst with Prudential Investments.
He has received recognition for his investment ideas and performance, including winning Institutional Investor’s InvestPitch in 2014 and being selected as one of four finalists in the Sohn Conference Idea Contest in 2013.
Mr. Lally graduated magna cum laude with a Bachelor of Business Administration from the University of Notre Dame. He later earned a Master of Business Administration from Harvard University. He is also a CFA charterholder.
About Wasatch Advisors®
Wasatch Advisors is the investment manager to Wasatch Funds, as well as to separately managed institutional and individual portfolios. Wasatch Advisors pursues a disciplined approach to investing, focused on bottom-up, fundamental analysis to develop a deep understanding of the investment potential of individual companies. In making investment decisions, the portfolio managers employ a uniquely collaborative process to leverage the knowledge and skill of the entire Wasatch Advisors research team. Wasatch Advisors is an employee-owned investment advisor founded in 1975 and headquartered in Salt Lake City, Utah. The firm had $18.8 billion in assets under management as of December 31, 2014. Wasatch Advisors, Inc. is registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.
About Wasatch Funds®
Wasatch Funds, a family of no-load mutual funds, had $12.3 billion in assets under management as of December 31, 2014. The Wasatch Long/Short Fund ($2.4 billion in assets) seeks to provide capital appreciation.
RISKS AND DISCLOSURES:
The Wasatch Long/Short Fund makes short sales of securities, which involve the risk that losses may exceed the original amount invested. Equity investing involves risks, including potential loss of the principal amount invested.
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, containing this and other information, visit www.WasatchFunds.com or call 800.551.1700. Please read the prospectus carefully before investing.
CFA® is a trademark owned by CFA Institute.
Separately managed accounts and related investment advisory services are provided by Wasatch Advisors, Inc., a federally regulated investment advisor.
© 2015 Wasatch Funds. All rights reserved. Wasatch Funds are distributed by ALPS Distributors, Inc. (ADI). Steve Rung is a registered representative of ADI. ADI is not affiliated with Wasatch Advisors, Inc.
WAS003653 4/30/2016
