BOSTON--(BUSINESS WIRE)--The Board of Directors of Liberty All-Star Growth Fund, Inc. (NYSE: ASG) has appointed Congress Asset Management Company (“Congress”) as one of the Fund’s three investment managers effective June 6, 2016 replacing TCW Investment Management Company.
The investment team at Congress, led by Todd Solomon, CFA, practices a mid-cap growth investment style which will be used to manage their portion of the Fund’s assets. Liberty All-Star Growth Fund’s other managers are Sustainable Growth Advisers, LP and Weatherbie Capital, LLC.
ALPS Advisors, Inc. is the investment advisor of the Liberty All-Star Growth Fund, a multi-managed, closed-end investment company with more than $122 million in net assets. The Fund’s shares are listed on the New York Stock Exchange under the symbol ASG.
The Liberty All-Star Growth Fund is a closed-end fund and does not continuously offer shares. The Fund trades in the secondary market, investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market’s value.