Milwaukee, W.I.-based Baird has launched the Baird Small Cap Value Fund (BSVIX/BSVSX), managed by Michelle Stevens, who came on board in January from Transamerica Investment Management where she was responsible for both institutional accounts and the Transamerica Small/MidCap Value Fund (IIVAX).

The no-load fund has an 85 basis points management fee and a 110 bps expense ratio for the institutional class and 125 bps for the investor class.

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