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Capital Cities reviews 2025 performance and trustees approve River Road as replacement manager
Summary
Capital Cities presented a 2025 market review and recommended River Road Asset Management to replace the closed Prospector Opportunity Fund; trustees approved the recommended replacement and Capital Cities will submit trade instructions to implement the change.
Capital Cities presented a market review and recommended an active replacement for a small-cap value sleeve after the Prospector Opportunity Fund announced it would close.
Corey Waddell of Capital Cities summarized 2025 market performance and the firm’s recommendation. Waddell said the portfolio ended 2025 at $207,160,487 and reported year-to-date performance that pushed the portfolio to about $211,631,000 as of the most recent close. He described…
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