Vincent Sellecchia, CFA, Managing Director, is a Portfolio Manager at Tocqueville Asset Management L.P. Mr. Sellecchia, joined Tocqueville in 2009 and he manages discretionary and advisory portfolios for individual and institutional accounts. He is also a co-manager of The Delafield Fund and the Tocqueville Select Fund. Prior to joining Tocqueville in 2009, Mr. Sellecchia was the Chief Operating Officer of Delafield Asset Management Inc. The Delafield team joined Reich & Tang Asset Management, LLC in 1991 and later became a division of the firm in 1997, where Mr. Sellecchia became a Managing Director. He joined Delafield Asset Management Inc. in 1980, the year it was founded, and was with the research team at Gabelli & Co. prior to that. Mr. Sellecchia started his investment career as an investment analyst at Irving Trust & Co. in 1976. Mr. Sellecchia earned a B.A. from Boston College and an M.B.A. from New York University.
Tocqueville Select Fund
Fund Objective
To achieve long-term capital appreciation by investing in a focused group of primarily small and mid-sized US equities. Current income is a secondary objective.
Investment Strategy
- Target 12-30 small to mid-sized US company equities that the manager believes are undervalued by the market
- Seek companies influenced by special situations, such as management changes, mergers and acquisitions, or hidden or unappreciated assets
- Seek to control portfolio risk by investing in other securities, including obligations issued or guaranteed by the US government, its agencies or instrumentalities
J. Dennis Delafield, CFA, Managing Director, is a Portfolio Manager at Tocqueville Asset Management L.P. Mr. Delafield joined Tocqueville in 2009 and manages discretionary and advisory portfolios for individual and institutional accounts. He is also a co-manager of The Delafield Fund and The Select Fund. Prior to joining Tocqueville, Mr. Delafield was a Managing Director of Reich & Tang Asset Management, LLC, which had joined with Mr. Delafield’s Delafield Asset Management, Inc., in 1991. Mr. Delafield founded Delafield Asset Management, Inc., in 1980, after leaving David J. Greene as a Managing Partner, where he was for ten years. Mr. Delafield joined Sterling, Grace & Co. in New York in 1959, where he became the Partner in charge of research in their investment advisory services area. He started his career in 1957 at Security Associates, Inc., in Winter Park, Florida. Mr. Delafield earned a B.A. from Princeton University.
Donald Wang, CFA, is a Portfolio Manager and Senior Analyst at Tocqueville Asset Management L.P. Mr. Wang joined Tocqueville in 2009 and manages discretionary portfolios. He is also a co-manager of The Select Fund. Prior to joining Tocqueville, Mr. Wang was a Portfolio Manager and Analyst of the Small Cap Equity Team at Reich & Tang Asset Management starting in 1999, which was merged into the Delafield Asset Management division of Reich & Tang in 2007. In 1996, he joined the Lindner Funds as a Portfolio Manager/Analyst and prior to joining the Lindner Funds, he worked at Spare, Kaplan, Bischel and Osterweis Capital Management as Portfolio Manager/Analyst. Mr. Wang started his investment career in 1989 as a bank analyst with Keefe, Bruyete & Woods and Prudential Bache. Mr. Wang earned his B.S. from New York University.
Fund News
Top Ten Holdings
as of 04/30/2013 |
% of Total Assets |
|---|---|
| Universal Electronics | 4.84% |
| Kennametal Inc. | 4.39% |
| Stantec Inc. | 4.28% |
| Monotype Imaging Holdings | 4.13% |
| Flextronics International | 3.86% |
| Staples, Inc. | 3.74% |
| Stanley Black & Decker Inc. | 3.41% |
| J2 Global Inc. | 3.33% |
| Maidenform Brands, Inc. | 3.3% |
| Ashland Inc. | 3.27% |
