Buffalo Funds names new managers for Mid Cap Discovery Fund

By AI, Created 5:07 PM UTC, May 18, 2026, /AGP/ – Buffalo Funds is handing day-to-day management of its Buffalo Mid Cap Discovery Fund to Alan Norton and Thomas Norton, effective May 18, 2026. The firm says the shift is meant to reinforce its active, research-driven approach without materially changing the fund’s strategy.

Why it matters: - The transition puts two experienced portfolio managers in charge of a mid-cap fund that investors may use for long-term capital appreciation. - Buffalo Funds is signaling continuity, not a strategy reset, which may matter to shareholders watching for style drift or process changes. - The move reflects the firm’s broader effort to match each strategy with the right leadership and investment resources.

What happened: - Buffalo Funds announced a portfolio management transition for the Buffalo Mid Cap Discovery Fund (BUFTX/BUITX). - Effective May 18, 2026, Alan Norton, CFA and Thomas Norton, CFA will assume day-to-day management of the fund. - The fund is based in Mission, Kansas. - Buffalo Funds said the change underscores its commitment to disciplined active management and ongoing evaluation of its investment strategies.

The details: - Alan Norton and Thomas Norton bring more than 60 years of combined experience managing small-cap and mid-cap portfolios. - The incoming managers have backgrounds in fundamental equity research and portfolio construction. - Buffalo Funds said the managers will focus on identifying high-quality businesses and managing risk across market environments. - The firm said the managers will use its established research platform and collaborative investment process. - The Buffalo Mid Cap Discovery Fund will continue to seek capital appreciation. - The fund will keep emphasizing active security selection and a repeatable process. - Buffalo Funds said the transition is not expected to cause material changes to the fund’s stated strategy of investing in innovative, growth-oriented mid-cap companies. - Additional information is available in the fund’s prospectus supplement and related regulatory filings. - Buffalo Funds’ website is www.buffalofunds.com. - Buffalo Funds is advised by Kornitzer Capital Management. - The funds are distributed by Quasar Distributors, LLC.

Between the lines: - The announcement reads like a succession plan designed to preserve the fund’s investment identity rather than alter it. - Highlighting experience, research discipline, and risk management suggests Buffalo Funds wants to reassure shareholders that the change is operational, not philosophical. - The timing may also help the firm show active oversight of the lineup as market conditions continue to reward managers with a clear process.

What’s next: - Investors should look for the new managers to take over the portfolio under the same stated mandate. - The fund’s prospectus supplement and regulatory filings should provide the most specific update on team structure and process. - Buffalo Funds says the strategy remains centered on long-term investment objectives and active stock selection.

The bottom line: - Buffalo Mid Cap Discovery Fund is changing hands, but Buffalo Funds is framing the move as a continuity play built around experienced managers and the same core investment approach.