Buffalo Funds Announces a New President, a New Hire, and Portfolio Manager Changes

Media Coverage

Buffalo Funds Announces a New President, a New Hire, and Portfolio Manager Changes

FOR IMMEDIATE RELEASE:

MISSION, Kan. – Kornitzer Capital Management, Inc. (KCM), investment advisor to the Buffalo Funds, and the Buffalo Funds (the “Trust”) are pleased to announce the following appointment, new hire, and management changes to its investment product lineup.

Effective May 1, 2020, Kent Gasaway, former President of the Buffalo Funds, will re-assume the role of President of the Trust. Mr. Gasaway has over 38 years of investment experience, 29 of which has been with KCM and the Buffalo Funds. Since 1991, Kent has played an integral part in the firm through his leadership and investment management expertise. Additionally, Robert Male, CFA, is named as an additional Trustee to the Buffalo Funds. Mr. Male has been with KCM for 25 years as a portfolio manager.

The firm is also pleased to announce that Ken Laudan joined KCM on May 1, 2020 as an equity Portfolio Manager serving on the Buffalo Discovery Fund (BUFTX/BUITX) and as a lead healthcare analyst for the Buffalo Funds. Mr. Laudan brings nearly 30 years of investment experience, with an emphasis in the healthcare sector. Prior to joining the firm, Ken was managing director of Cottonwood Investment Group and served as a healthcare research analyst for the Friess Associates mutual fund family. “We are delighted to have Ken join our team,” said Kent Gasaway, President of Buffalo Funds. “His addition adds depth to our growth equity research team and coverage of the healthcare sector in particular.“

Concurrently, Jamie Cuellar, CFA, co-Portfolio Manager of the Buffalo Small Cap Fund (BUFSX/BUISX), is joining Dave Carlsen, CFA, and Ken Laudan as a co-manager of the Buffalo Discovery Fund. “Jamie will be expanding his role with the firm and is bringing his expertise of the information technology and healthcare areas within the small and mid cap space as a Portfolio Manager of the Buffalo Discovery Fund,” stated Gasaway.

Additionally, Josh West, CFA, current co-Portfolio Manager of the Buffalo Mid Cap Fund (BUFMX/BUIMX), is joining Dave Carlsen, CFA, as a co-manager of the Buffalo Growth Fund (BUFGX). “We are confident Josh will excel with the added responsibility as a co-manager of the Growth Fund,” commented Gasaway.

“We view these changes as exciting times at the Buffalo Funds, as our portfolio manager teams are stronger than ever. Our time-tested, research-based approach, along with these high quality investment managers, will ensure we have another successful 30+ years of money management,” said John Kornitzer, President of KCM.

Click here for a PDF of this announcement.

About Buffalo Funds

The Buffalo Funds are a family of 10 actively-managed mutual funds offering a variety of domestic equity, international equity, and income-generating investment strategies. We believe that patient investing backed by solid, intelligent research is the best way to achieve potential long-term financial rewards. Disciplined investment decisions are made using a distinct, time-tested investment approach guided by trend analysis, rigorous fundamental company research, and strict security valuation parameters.

About Kornitzer Capital Management

KCM is a privately-held, employee-owned corporation, founded in 1989 by John C. Kornitzer. The firm was created to manage customized portfolios for private clients and institutions. We continue to provide client-focused, personalized money management through our Kornitzer Private Client Services (KPCS) group, and pension, corporate, and foundation separate account management through our institutional services group. With our approach to lifetime asset management, KCM helps clients achieve their long-term financial goals throughout the various investment stages including accumulation, preservation, and retirement. Over the years, based on client request or need, we formed companies and alliances to better serve specific niches.

MEDIA CONTACT

Joel Crampton
Director of Marketing
(913) 647-9881
Email

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Terms of Use – Email lists are created for use by U.S. investment professionals only and are published strictly for informational purposes. Providing access to the content of these emails does not explicitly or implicitly constitute a solicitation of services or products of the Buffalo Funds, Kornitzer Capital Management, or any of their affiliates. The information contained in the emails is not intended for distribution to, or for use by, investment professionals in a jurisdiction where distribution or purchase is not authorized. The information contained in these emails is not appropriate for use by individual investors. By registering for any of these emails, you agree to Buffalo's terms and conditions and that you are qualified as an institutional investor or otherwise member of a registered broker/dealer, registered investment advisor, or investment consulting firm.

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“Industry Perspectives” 1Q 2020

“Industry Perspectives” 1Q 2020

Home > Insights & News > White Papers & Research > Industry Perspectives 1Q 2020

Download our latest "Industry Perspectives"

 

Read our view on the economy and key drivers of change in the global equity markets.

Date Published:
April 2020

Pages:
3

OVERVIEW:
The COVID-19 coronavirus pandemic was a “black swan” event – an unpredicted event that arises seemingly from nowhere and wrecks local and global economies.

In this latest Industry Perspectives, we discuss:

  • Social distancing has prevented an overwhelming of hospital infrastructure by slowing the spread of new cases, but it has also cause an economic crisis.
  • The oil and gas industry has been one of the hardest hit sectors of the economy, due to “shelter-at-home” orders, and will take years to normalize.
  • The economic recovery will have fits and starts and challenges as societies throughout the world return to normal.

Fundamental Approach

We get to know the companies we invest in and learn how they run their business.

Top-Down & Bottom-Up

We identify Top-Down broad, secular growth trends and search for companies from the Bottom-Up.

Proprietary Philosophy

We construct our portfolios based on our own proprietary investment strategy.

Disciplined Investing

Sticking to our disciplined investment strategy ensures we maintain a consistent, balanced approach.

Sign Up for Automatic Updates

Stay up-to-date with the most recent media coverage and press releases about the Buffalo Funds.

FOR FINANCIAL PROFESSIONALS

Terms of Use – Email lists are created for use by U.S. investment professionals only and are published strictly for informational purposes. Providing access to the content of these emails does not explicitly or implicitly constitute a solicitation of services or products of the Buffalo Funds, Kornitzer Capital Management, or any of their affiliates. The information contained in the emails is not intended for distribution to, or for use by, investment professionals in a jurisdiction where distribution or purchase is not authorized. The information contained in these emails is not appropriate for use by individual investors. By registering for any of these emails, you agree to Buffalo's terms and conditions and that you are qualified as an institutional investor or otherwise member of a registered broker/dealer, registered investment advisor, or investment consulting firm.

FOR INDIVIDUAL INVESTORS

Buffalo Funds named to IBD Best Mutual Funds 2020

Buffalo Funds named to IBD Best Mutual Funds 2020

Media Coverage

Buffalo Funds named to IBD Best Mutual Funds 2020

Overview

The Buffalo International Fund (BUFIX) and the Buffalo High Yield Fund (BUFHX) are included on the Investor’s Business Daily 2020 Best Mutual Funds Award Winner list, in the 5th annual ranking by the investment publication, announced this week.

The International Fund was included in the Best International Stock Funds, and the High Yield Fund was included in the Best U.S. Taxable Bond Funds.

Funds named to IBD’s list were chosen because they have outperformed their benchmark index over the past 1, 3, 5, and 10-year periods, as of 12/31/19. In order to make the list, funds must have outperformed in all four time periods. IBD made its selections from 3,374 mutual funds that met the criteria of having at least 10 years of operation.

We’re honored that our funds have been recognized in this way by IBD. These funds exemplify our firm’s goal of consistently delivering strong risk-adjusted performance to our shareholders, said Clay Brethour, president of the Buffalo Funds.

The Buffalo International Fund is managed by Bill Kornitzer and Nicole Kornitzer, a team that has been in place since 2009.

The Buffalo High Yield Fund is managed by Bob Male, Jamie Cuellar, and Alex Hancock.

To view IBD’s complete list and analysis of the Best Mutual Funds 2020, please visit: https://www.investors.com/etfs-and-funds/mutual-funds/best-mutual-funds-beating-sp-500-over-last-1-3-5-10-years/

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed may be worth more or less than their original value. Current performance may be lower or higher than the performance quoted. Performance data current to the most recent month-end may be obtained here. Performance data current to the most recent quarter-end may be obtained here. Performance is annualized for periods greater than 1 year.

Opinions expressed are those of the author or Funds and are subject to change, are not intended to be a forecast of future events, a guarantee of future results, nor investment advice.

References to other mutual funds should not to be considered an offer to buy or sell these securities.

HIGHLIGHT

BUFIX and BUFHX named to Investor’s Business Daily Best Mutual Funds 2020 list in the International Stock Fund and U.S. Taxable Bond Funds categories, respectively.

MEDIA CONTACT

Joel Crampton
Director of Marketing
(913) 647-9881
Email

Sign Up for Automatic Updates

Stay up-to-date with the most recent media coverage and press releases about the Buffalo Funds.

FOR FINANCIAL PROFESSIONALS

Terms of Use – Email lists are created for use by U.S. investment professionals only and are published strictly for informational purposes. Providing access to the content of these emails does not explicitly or implicitly constitute a solicitation of services or products of the Buffalo Funds, Kornitzer Capital Management, or any of their affiliates. The information contained in the emails is not intended for distribution to, or for use by, investment professionals in a jurisdiction where distribution or purchase is not authorized. The information contained in these emails is not appropriate for use by individual investors. By registering for any of these emails, you agree to Buffalo's terms and conditions and that you are qualified as an institutional investor or otherwise member of a registered broker/dealer, registered investment advisor, or investment consulting firm.

FOR INDIVIDUAL INVESTORS

2020 Forecast for Small Cap Stocks

2020 Forecast for Small Cap Stocks

2020 Forecast for Small Cap Stocks

U.S. small cap stocks posted solid performance in 2019, but lagged behind the S&P 500 Index return of 31.49%. Small cap stocks have now underperformed large cap stocks the previous three calendar years and five out of the last six years.

Our Buffalo Small Cap portfolio management team has published a 2020 forecast for small cap stocks. Considering small caps have historically outperformed large caps, though with greater volatility, to underperform over several years is unusual.

However, since August 2019, the month after the U.S. Federal Reserve (the Fed) began lowering interest rates, small caps have outperformed their larger brethren.

In this latest white paper from the Buffalo Funds, we discuss the following concepts:
  • Earnings growth and relative valuation
  • Value vs. Growth
  • Financials & Energy
  • Technology & Health Care
  • Initial Public Offerings
  • Merger & Acquisition Outlook
  • Impact on the Buffalo Small Cap Fund

“We believe 2020 could be a solid year for small caps, and one where they could revert back to their long term outperformance relative to large cap.”

Download our latest paper to discover why we believe the market backdrop is still moving in a direction that favors premier companies with the potential to benefit from long-term trends trading at attractive valuations.

Opinions expressed are those of the author or Funds and are subject to change, are not intended to be a forecast of future events, a guarantee of future results, nor investment advice.

Fundamental Approach

We get to know the companies we invest in and learn how they run their business.

Top-Down & Bottom-Up

We identify Top-Down broad, secular growth trends and search for companies from the Bottom-Up.

Proprietary Philosophy

We construct our portfolios based on our own proprietary investment strategy.

Disciplined Investing

Sticking to our disciplined investment strategy ensures we maintain a consistent, balanced approach.

Kiplinger: Top-Performing Mutual Funds

Media Coverage

Kiplinger: Top-Performing Mutual Funds

Overview

Kiplinger recognized the Buffalo Small Cap Fund as a “Top-Performing Mutual Fund” in their recent fund analysis for the period ending January 31, 2020.

The Buffalo Small Cap Fund (BUFSX) ranked #8 in the Small-Company Stock Funds category for 20-year annualized returns.

Management Team:

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the funds may be lower of higher than the performance quoted. Quarter-end performance can be obtained here and month-end performance can be obtained here.
Small Cap Fund

Small Cap Fund

Total Assets $439.76 Million  (3/31/20)
Expense Ratio 1.01% / 0.86%
Benchmark Morningstar U.S. Small Growth

Sign Up for Automatic Updates

Stay up-to-date with the most recent media coverage and press releases about the Buffalo Funds.

FOR FINANCIAL PROFESSIONALS

Terms of Use – Email lists are created for use by U.S. investment professionals only and are published strictly for informational purposes. Providing access to the content of these emails does not explicitly or implicitly constitute a solicitation of services or products of the Buffalo Funds, Kornitzer Capital Management, or any of their affiliates. The information contained in the emails is not intended for distribution to, or for use by, investment professionals in a jurisdiction where distribution or purchase is not authorized. The information contained in these emails is not appropriate for use by individual investors. By registering for any of these emails, you agree to Buffalo's terms and conditions and that you are qualified as an institutional investor or otherwise member of a registered broker/dealer, registered investment advisor, or investment consulting firm.

FOR INDIVIDUAL INVESTORS

Kiplinger: Top-Performing Mutual Funds

Media Coverage

Kiplinger: Top-Performing Mutual Funds

Overview

Kiplinger recognized the Buffalo Small Cap and the Buffalo Emerging Opportunities funds as “Top-Performing Mutual Funds” in their recent fund analysis for the period ending December 31, 2019.

The Buffalo Small Cap Fund (BUFSX) ranked #7 in the Small-Company Stock Funds category for 1-year and 20-year annualized returns* (not ranked in the top 10 for the 5-year or 10-year time periods). The Buffalo Emerging Opportunities Fund (BUFOX) ranked #8 in the same category for 10-year annualized returns* (not ranked in the top 10 for the 1-year or 5-year time periods).

* Based on Morningstar’s universe of 25,000+ funds

Management Teams:

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the funds may be lower of higher than the performance quoted. Quarter-end performance can be obtained here and month-end performance can be obtained here.
Small Cap Fund

Small Cap Fund

Total Assets $439.76 Million  (3/31/20)
Expense Ratio 1.01% / 0.86%
Benchmark Morningstar U.S. Small Growth

Emerging Opportunities Fund

Emerging Opportunities Fund

Total Assets $66.84 Million  (3/31/20)
Expense Ratio 1.49% / 1.34%
Benchmark Morningstar U.S. Small Growth

Sign Up for Automatic Updates

Stay up-to-date with the most recent media coverage and press releases about the Buffalo Funds.

FOR FINANCIAL PROFESSIONALS

Terms of Use – Email lists are created for use by U.S. investment professionals only and are published strictly for informational purposes. Providing access to the content of these emails does not explicitly or implicitly constitute a solicitation of services or products of the Buffalo Funds, Kornitzer Capital Management, or any of their affiliates. The information contained in the emails is not intended for distribution to, or for use by, investment professionals in a jurisdiction where distribution or purchase is not authorized. The information contained in these emails is not appropriate for use by individual investors. By registering for any of these emails, you agree to Buffalo's terms and conditions and that you are qualified as an institutional investor or otherwise member of a registered broker/dealer, registered investment advisor, or investment consulting firm.

FOR INDIVIDUAL INVESTORS