Evermore Global Advisors, LLC, today announced that it has launched Evermore Global Value Fund and Evermore European Value Fund. The mutual funds are managed by David Marcus, who previously managed assets for Franklin Mutual Advisers, LLC, as well as other investment management firms, and Jae Chung, who previously managed assets for Franklin Mutual Advisers, LLC and Davis Advisors.

Both funds seek capital appreciation. Evermore Global Value Fund invests in securities from markets around the world, including U.S. markets, and Evermore European Value Fund invests in securities from European markets.

The funds generally do not focus on stock market and economic conditions or other macro factors, but instead seek to invest in companies they believe are both undervalued and undergoing strategic change – such as changes in management, restructurings, spin-offs and downsizings – and take advantage of those opportunities through investments across the capital structure.

“Evermore Global Advisors’ active value investment approach is the approach I have practiced since working for Michael Price at Mutual Series Fund,” said David Marcus, Evermore’s co-founder, chief investment officer and lead portfolio manager of the Evermore Funds. We look for sound companies we believe are trading at deep discounts to their intrinsic values with strategic catalysts in place that should unlock those values,” “Our approach also allows us to tactically seek to take advantage of merger arbitrage, distressed debt and short selling opportunities: activities more typically associated with hedge fund investing.”

Evermore Global Advisors seeks to identify investment opportunities through extensive research and analysis of individual companies. The funds will generally invest in mid- and large capitalization companies with market capitalization values greater than $1.5 billion and will typically hold its equity investments (other than investments in merger arbitrage situations) for substantial periods of time (more than one year).

“As part of our active value approach, we intend to engage with the companies we invest in,” Mr. Marcus said. “We will be involved investors who get to know companies' managements and their businesses and who bring to bear our extensive business and operating experience in evaluating investment opportunities.”

Michael Lipper, president of Lipper Advisory Services, Inc. and a member of the Advisory Board of Evermore Global Advisors, said Evermore “hopes to meet the demand for quality managers who can provide flexible, global, value-oriented investment strategies designed to perform through a variety of market and economic conditions.”

Former SEC Chairman Harvey Pitt, another member of the Advisory Board of Evermore Global Advisors and CEO of the global consulting firm Kalorama Partners, said: “As the asset management business develops, we will see more funds like those offered by Evermore that endeavor to combine the flexibility in investment approach traditionally associated with hedge funds with the lower fees, daily liquidity, closer regulation and increased transparency offered by mutual funds.”

Commenting on the launch of the funds, Michael F. Price, former chairman of the board of Franklin Mutual Advisors and of the Mutual Series Fund, current CEO of MFP Investors LLC, and the third member of the Advisory Board of Evermore Global Advisors, said: “I believe a disciplined, research-driven, value-focused approach that invests around the world and across a company’s capital structure can be an advantageous way to invest, and it is particularly well-suited to today’s highly challenging business environment.”

The funds are available in three classes of shares: A, C and I, all of which have an annual management fee of 0.99%. Other fees associated with each share class can be found in the Evermore Funds’ prospectus. The minimum initial investment for Class A and Class C shares is $5,000 (or $2,000 for IRA accounts); the minimum investment for the Class I shares is $1,000,000.

“The Evermore Global approach is both timely and differentiated and is supported by a robust and well-resourced infrastructure, said Evermore Global Advisors’ co-founder, president and chief operating officer Eric LeGoff. “We have built high quality systems for order management, compliance, portfolio management and accounting.” Mr. LeGoff added, “Although we often look at complex investment opportunities, our mission is simple--to provide our investors with superior, risk-adjusted returns over time.”

Mr. LeGoff was co-founder and former COO of Liquidnet Holdings, Inc. and earlier served as a compliance officer and head of operations at Mutual Series Fund.

About David Marcus

David E. Marcus is co-founder and chief executive officer of the Adviser and lead portfolio manager of the Funds. Mr. Marcus has over 20 years of experience in investment management, including management of registered investment companies. For a majority of this time, Mr. Marcus has focused on investing in European and other foreign companies.

From 1987 to 2000, Mr. Marcus held a series of positions at Mutual Series Fund, including junior research analyst, research analyst, co-portfolio manager and portfolio manager. From November 1998 to January 2000, Mr. Marcus was portfolio manager of the Mutual European Fund and co-portfolio manager of the Mutual Shares Fund and Mutual Discovery Fund. During this time, Mr. Marcus also served as Senior Vice President and Director of European Investments for Franklin Mutual Advisers, LLC. In 2000, Mr. Marcus founded Marcstone Capital Management, L.P., a long/short European-focused equity manager. After its lead investor’s death in late 2002, Mr. Marcus closed Marcstone and returned capital to its investors. In 2003, Mr. Marcus co-founded Stonebrook Partners, LLC, the family office of the Stenbeck family. He also became an adviser to the Stenbeck family, in which capacity he helped restructure a number of companies the family controlled. Mr. Marcus founded MarCap Investors, L.P in 2004, serving as managing partner and investment manager of a European small cap special situations fund and an all-cap global fund. Over the past decade, Mr. Marcus has served on the boards of directors of numerous public and private companies.

About Jae Chung

Jae Chung is co-portfolio manager of the Funds. Mr. Chung has over 20 years of experience in global investment management, including management of registered investment companies. From 1989 to 1996, Mr. Chung held a series of positions at Oakmont Corporation, which was the family office for the founder of Trust Company of the West. At Oakmont, Mr. Chung focused primarily on U.S. and Latin American investments, and managed an on-shore fund in Korea from 1993 to 1996 and a Taiwan investment vehicle from 1994 to 1995.

From 1996 to 2000, Mr. Chung was a senior research analyst at Franklin Mutual Advisers, LLC, eventually becoming co-portfolio manager of the Mutual Discovery Fund and the Mutual European Fund. From 2000 to 2003, Mr. Chung was co-portfolio manager at Marcstone Capital Management, L.P., a long/short European-focused equity manager. From 2003 to 2009, Mr. Chung was a senior research analyst at Davis Advisors, a registered investment adviser with over $60 billion in assets under management. Mr. Chung served as an equity analyst for its flagship Davis New York Venture Fund, as well as the Davis Global, International, and Opportunity Funds.

About Evermore Global Advisors, LLC

Evermore Global Advisors, an investment adviser registered under the Investment Advisers Act of 1940, was founded in June 2009 by David Marcus and Eric LeGoff. The firm provides investment advisory services to mutual funds and institutional accounts in separate Global and European strategies. Evermore’s active value approach combines two dynamic drivers for value creation – strategic catalysts and tactical opportunities. The firm seeks to invest in great companies with compelling valuations, anywhere in the world. The firm's Board of Advisors includes A. Michael Lipper, president of Lipper Advisory Services, Inc., Harvey L. Pitt, former Chairman of the United States Securities and Exchange Commission, and Michael F. Price, former CEO, President and Chairman of the Board of Mutual Series Fund.

Mutual fund investing involves risk. Principal loss is possible. The Funds invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. Investing in smaller companies involve additional risks such as limited liquidity and greater volatility. The Funds may make short sales of securities, which involves the risk that losses may exceed the original amount invested. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investment in lower-rated, non-rated, and distressed securities presents a greater risk of loss to principal and interest than higher-rated securities. Additional special risks relevant to our funds involve derivatives and hedging. Please refer to the prospectus for further details. The Evermore European Value Fund concentrates its investments in a single region which may subject it to greater risk and volatility than a broadly diversified fund.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Funds before investing. To obtain a prospectus containing this and other important information, please call 866-EVERMORE (866.383.7667) or download a prospectus online at www.evermoreglobal.com.Read the prospectus carefully before you invest.

References to other mutual funds should not to be interpreted as an offer of these securities.

Evermore Global Advisors, LLC is the adviser to the Evermore Funds, which are distributed by Quasar Distributors, LLC.