Management of the Wall Street Fund will enable Evercore Wealth Management to deliver its best equity thinking to Evercore employees and the grandchildren of clients and the like, said the Wall Street Journal, quoting CEO Jeff Maurer.
The firm also plans to bring the fund's expense ratio--now at 1.95%--in line with the roughly 1.0% industry standard for no-loads, Maurer said.
The $1,000-minimum, large-cap growth fund is managed by Robert Morse and Tim Evnin, following Evercore Wealth Management's acquisition of Morse Williams and Co., Inc.