We believe her expertise in these areas will enhance fund discussions, and she will be a valuable addition to the Board.
Wheaton, Illinois (PRWEB) June 03, 2016
WHEATON, IL-June 3, 2016. Monetta Financial Services, Inc., adviser to Monetta Trust, announced today that Patricia J. Luscombe, CFA, a managing director of Lincoln International LLC has been appointed to its Board of Trustees. Monetta Trust offers two no-load mutual funds: Monetta Fund(MONTX) its flagship fund, and the Monetta Young Investor Fund(MYIFX), which was launched in December 2006.
Founder and Chairman of Monetta Financial Services, Inc., Robert S. Bacarella, stated, “We are delighted Patricia is joining our Trust Board as an independent Trustee. Patricia has more than 25 years experience in the financial advisory and valuation services areas. We believe her expertise in these areas will enhance fund discussions, and she will be a valuable addition to the Board.”
Ms. Luscombe is Managing Director and Co-Head of the Valuations & Opinions Group at Lincoln International LLC joining the firm in 2007. Previously, Patricia spent 16 years with Duff & Phelps Corporation as a Managing Director in the firm’s valuation and financial advisory business.
Patricia is a member of the Chicago Chapter of the Association for Corporate Growth and Business Valuation Association, the Chartered Financial Analyst Society of Chicago, and a former president of the Chicago Finance Exchange. Patricia also serves as Trustee of Northern Lights Fund Trust III, a series trust.
Patricia holds a Bachelor of Arts degree in economics from Stanford University, a Master's degree in economics from the University of Chicago and a Master of Business Administration degree from the University of Chicago Booth School of Business.
About Monetta Financial Services, Inc., headquartered in Wheaton, Illinois. The firm serves as investment adviser to the Monetta Trust, comprised of two no-load mutual funds. The Funds are co-managed by a father/son team emphasizing large-capitalization growth stocks.
For additional information please visit Monetta’s website at http://www.monetta.com or call 1-800-241-9772.
All investments, including those in mutual funds, have risks and principal loss is possible.
Mutual fund investing involves risk. Principal loss is possible. The Funds may make short-term investments, without limitation, for defensive purposes, which investments may provide lower returns than other types of investments. The portion of the Young Investor Fund that invests in underlying ETF’s that track the Index will be subject to certain risks which are unique to tracking the Index. By investing in ETF’s, you will indirectly bear your share of any fees and expenses charged by the underlying Funds, in addition to indirectly bearing the principal risks of the Funds. Growth-oriented Funds may under-perform when growth stocks are out of favor. Please refer to the prospectus for further details. While the Funds are no-load, management and other expenses still apply.
The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The summary and statutory prospectuses contains this and other important information about the investment company, and may be obtained by calling 1-800-241-9772, or visiting http://www.monetta.com. Read it carefully before investing.
The Monetta Funds are distributed by Quasar Distributors, LLC.