0001398344-17-008813.txt : 20170719 0001398344-17-008813.hdr.sgml : 20170719 20170719112718 ACCESSION NUMBER: 0001398344-17-008813 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20170719 DATE AS OF CHANGE: 20170719 EFFECTIVENESS DATE: 20170719 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RBB FUND, INC. CENTRAL INDEX KEY: 0000831114 IRS NUMBER: 510312196 STATE OF INCORPORATION: MD FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-20827 FILM NUMBER: 17971126 BUSINESS ADDRESS: STREET 1: 615 E. MICHIGAN ST. CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 414.765.5145 MAIL ADDRESS: STREET 1: 615 E. MICHIGAN ST. CITY: MILWAUKEE STATE: WI ZIP: 53202 FORMER COMPANY: FORMER CONFORMED NAME: RBB FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: FUND INC /DE/ DATE OF NAME CHANGE: 19600201 0000831114 S000047045 Altair Smaller Companies Fund C000147051 Altair Smaller Companies Fund 497 1 fp0026802_497.htm

The RBB Fund, Inc.

Altair Smaller Companies Fund (the “Fund”)

Supplement dated July 19, 2017
to the Fund’s Prospectus dated December 31, 2016

THIS SUPPLEMENT CONTAINS NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN THE PROSPECTUS AND SHOULD BE READ IN CONJUNCTION WITH THE PROSPECTUS.

Effective July 19, 2017, David J. Lin serves as a Portfolio Manager for the Fund. Accordingly, effective immediately, the following changes are made to the Fund’s Prospectus:

1.
The information under the section entitled “Summary Section – Management of the Fund – Portfolio Managers – Altair Advisers LLC” of the Fund’s Prospectus is deleted and replaced with the following:

Portfolio Managers

 
Title
Portfolio Manager
 of Fund since:
Altair Advisers LLC
Steven B. Weinstein
President, Chief Investment Officer
October 21, 2014
Jason M. Laurie
Managing Director
October 21, 2014
Bryan R. Malis
Managing Director
October 21, 2014
Donald J. Sorota
Managing Director
October 23, 2015
David J. Lin
Director of Research
July 19, 2017

2.
The third paragraph of the section entitled “Management of The Funds – Investment Adviser” of the Fund’s Prospectus is deleted and replaced with the following:

The Fund is managed by the Adviser and one or more Sub-Advisers unaffiliated with the Adviser. The Adviser also has the ultimate responsibility to oversee the Sub-Advisers, and to recommend their hiring, termination, and replacement, subject to approval by the Board of Directors. The Adviser has an investment team that is jointly responsible for the day-to-day management of the Fund. The investment team consists of Steven B. Weinstein, Jason M. Laurie, Bryan R. Malis, Donald J. Sorota and David J. Lin.

3.
In addition, the biographical information for David J. Lin is added under the section entitled “Management of The Funds – Investment Adviser” of the Fund’s Prospectus:

David J. Lin, Director of Research. Mr. Lin is the Director of Research of the Adviser. He is responsible for leading the research team’s ongoing due diligence efforts, which include identifying, evaluating, selecting, and monitoring investment managers across various asset classes and vehicle structures. Mr. Lin also serves on the Adviser’s Investment Committee. Mr. Lin is a CFA® charterholder and earned his B.S. in Finance from the University of Illinois Urbana-Champaign.

Please retain this Supplement for future reference.
The RBB Fund, Inc.

Altair Smaller Companies Fund (the “Fund”)

Supplement dated July 19, 2017
to the Fund’s Statement of Additional Information (“SAI”) dated December 31, 2016

THIS SUPPLEMENT CONTAINS NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN THE SAI AND SHOULD BE READ IN CONJUNCTION WITH THE SAI.

Effective July 19, 2017, David J. Lin serves as Director of Research for the Fund. Accordingly, effective immediately, the following changes are made to the Fund’s SAI:

1.
The table in the section entitled “The Portfolio Managers – Altair – Other Accounts” is amended to include information concerning Mr. Lin:

Other Accounts. In addition to the Fund, the portfolio managers are responsible for the day-to-day management of certain other accounts, as listed below. The information below is provided as of June 30, 2017.

Name of Portfolio
Manager
 or Team Member
Type of Accounts
Total
# of
Accounts
 Managed
Total
 Assets
# of Accounts
Managed that
Advisory Fee
is
Based on
 Performance
Total Assets
that
Advisory
Fee is Based
on
 Performance
David J. Lin
Other Registered Investment Companies:
0
$
0
0
$
0
 
Other Pooled Investment Vehicles:
0
$
0
0
$
0
 
Other Accounts:
306
$
4.2 billion
0
$
0
 
2.
The section entitled “The Portfolio Managers – Fund Shares Owned by Portfolio Managers” is amended to include information concerning Mr. Lin:

The following table sets forth the dollar range of equity securities beneficially owned by the following portfolio managers in the Fund as of June 30, 2017.

Portfolio Manager
Dollar ($) Value of Fund Shares
 Beneficially Owned
David J. Lin
None

Please retain this supplement for future reference.