Missoula’s Front Street Capital on Takes Big Step Forward
WASHINGTON, D.C. – Montana’s senior U.S. Senator Max Baucus is applauding Front Street Capital for successfully launching Montana’s only current publicly traded mutual fund with no commission or sales fees. The Missoula-based fund launched this week and is called the “Tarkio Fund” after the Mineral County town along the banks of the Clark Fork River. This week, the “Tarkio Fund” received approval from Montana’s Commissioner of Securities, Monica Lindeen, and has already garnered investments making it the state’s sole publicly traded no-load mutual fund.
“It is good news anytime we can move jobs and opportunities from Wall Street to Main Street, Front Street or any street in Montana,” Baucus said. “This is especially great news because Russ Piazza is a University of Montana graduate who is putting his education right back to work in the Missoula community. The future of good-paying jobs in Montana relies on fresh business ideas and hardworking people to implement them.”
“We are excited to be taking this next important step in the evolution of our investment management business and are honored to be recognized by Senator Baucus. We are proud to be able to manage this fund in the State of Montana and believe it is a tremendous advantage to work in a part of the country whose values are aligned with our long term approach to partnering with companies who create cultures that strive to engage and energize their employees at all levels. Our ability to work here, away from the noise and distractions of a Wall Street type environment, is a competitive advantage,” said Russ Piazza, Front Street Capital President and portfolio manager.
“Wall Street could learn a lot from Montana’s responsible work ethic, and I’m glad to see Front Street Capital give the east coast firms a run for their money,” said Lindeen. “The hard work of small businesses like Front Street Capital further cements Montana’s reputation as the best state in the nation for new businesses and entrepreneurs. Congratulations to Russ Piazza and everyone at Front Street Capital for taking this new, bold step.”
More information about Front Street Capital is available HERE.