Wasatch Advisors Adds Steven Rung to Funds Communications Team

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Wasatch Advisors, Inc., investment advisor to the Wasatch Funds, has added Steven G. Rung to its Funds Team.

Wasatch Advisors, Inc., investment advisor to the Wasatch Funds, has added Steven G. Rung to its Funds Team. He will be responsible for creating communications for financial advisors and retail shareholders and will coordinate portfolio management commentary and content for Wasatch’s range of investment products.

Said Wasatch Director of Mutual Funds Gene Podsiadlo, “Steve is highly skilled at explaining and reporting sophisticated investment strategies, results, and portfolio metrics and Financial and Wealth Advisors today demand that kind of communication. Wasatch is a research-intensive investment boutique, and adding Steve’s ability to communicate our portfolio approach across all of our strategies indicates how dedicated we are to serving our Advisor, Institutional, and Retail clients.”

Prior to Wasatch, Steven G. Rung was with Akros Capital, LLC and served as the firm's Chief Financial Officer, Chief Operating Officer, Treasurer and Secretary. Prior to Akros, he performed product development, competitor analysis and marketing for the TIAA-CREF Mutual Funds. Mr. Rung worked with Gene Podsiadlo at Warburg Pincus Asset Management from 1993 to 1999 and served as Senior Vice President of Retail Marketing and Operations and, after Warburg Pincus Asset Management was acquired by Credit Suisse, he worked in New York and London for Credit Suisse Asset Management from 1999 to 2001 as Director of Offshore Fund Marketing and Operations. Mr. Rung began his career in 1987 at Strong Capital Management where he worked until 1992 in a variety of positions, including Manager of Retail Marketing for the Strong Funds. He received his B.S. in Business Administration (1987) from Washington University in St. Louis.

About Wasatch Advisors®
Wasatch Advisors is the investment advisor to Wasatch Funds,® a family of no-load mutual funds, as well as to separately managed institutional and individual portfolios. Wasatch Advisors pursues a disciplined approach to investing, focused on bottom-up, fundamental analysis to develop a deep understanding of the investment potential of individual companies. In making investment decisions, Wasatch’s portfolio managers employ a uniquely collaborative process to leverage the knowledge and skill of the entire Wasatch research team. Wasatch Advisors is an employee-owned investment advisor founded in 1975 and headquartered in Salt Lake City, Utah. Total assets under management at 9/15/12 were $13 billion.

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Jody Lowe
Wasatch Funds / Advisors
(414)322-9311
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Gene Podsiadlo