Natixis Global Associates closes small-cap fund to new investors

Natixis Global Associates, the distribution arm of Natixis Global Asset Management, today announced that it will close the Vaughan Nelson Small Cap Value Fund (NEFJX) to new investors, effective July 31.

The fund has $463 million in assets under management.

“Closing the fund will allow its manager to continue identifying undervalued stocks within the confines of the small-cap universe without creating inefficiencies within the investment management process,” Lee Lahourcade, president and chief executive of Vaughan Nelson Investment Management LP of Houston, an affiliate of Natixis Global Asset Management, said in a statement.

The fund will remain open to existing shareholders.

Natixis Global Asset Management of Boston and Paris had $594 billion in assets under management as of March 31.

Natixis Global Associates is also based in Boston.