Contact Information: For Information Contact: Liberty All-Star Growth Fund, Inc. 1-800-241-1850 www.all-starfunds.com
Liberty All-Star(R) Growth Fund, Inc. Announces New Portfolio Manager
| Source: ALPS Advisors, Inc.
BOSTON, MA--(Marketwire - December 18, 2009) - The Board of Directors of Liberty All-Star
Growth Fund, Inc. (NYSE : ASG ) has appointed Mazama Capital Management, Inc.
as one of the Fund's three investment managers effective December 21, 2009
replacing Chase Investment Counsel Corporation.
Ronald A. Sauer, President, Chief Executive Officer and Chief Investment
Officer of Mazama, will serve as the lead portfolio manager to the Fund.
Mr. Sauer, who founded Mazama in 1993, has 29 years of investment
experience.
Mr. Sauer and his investment team practice a large capitalization growth
investment style, which will be used to manage their portion of the Fund's
assets. Liberty All-Star Growth Fund's other portfolio managers are M.A.
Weatherbie & Co., Inc. (Weatherbie) and TCW Investment Management Company
(TCW). Weatherbie and TCW are the Fund's small-cap growth and mid-cap
growth managers, respectively.
ALPS Advisors, Inc. is the fund manager of the All-Star Growth Fund, a
multi-managed, closed-end investment company with more than $117 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.