Sentinel Asset Management Inc. reached a preliminary agreement this week to acquire Bramwell Capital Management Inc., the investment firm headed by stock-picker Elizabeth Bramwell. Financial terms were not disclosed.
Bramwell Capital, based in New York, manages more than $260 million in assets for individuals and institutions, including two mutual funds.
Under the agreement, the Bramwell Growth Fund (BRGRX) and the Bramwell Focus Fund (BRFOX) would be added to Sentinel’s fund family and would continue to be managed by Bramwell. She is also expected to lead the large-cap growth team at Sentinel, the company said.
Investors in the Bramwell funds “will have the opportunity to benefit from the full product array, scale and broad distribution resources” of Sentinel, Bramwell said in a statement. Sentinel is a subsidiary of National Life Holding Co., which manages more than $17 billion.