Wayne Hummer Asset Management Co. LLC, a unit of Wintrust Financial Corp. in Lake Forest, Ill., said that it has started a Wayne Hummer Small Cap Core Mutual Fund.

The portfolio is offered in retail and institutional shares and is managed by a team led by Katherine Buck, the company said Tuesday. Its goal is to outperform the Russell 2000 index over market cycles by identifying securities with superior total return potential.

Ms. Buck has been managing funds for 12 years. "We believe the small-cap market offers opportunities for active managers to find hidden gems," she said in a press release.

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