Liberty All-Star Equity Fund has appointed Cornerstone Capital Management as one of the fund's five investment managers, replacing Chase Investment Counsel.

Thomas G. Kamp (pictured), president and chief investment officer of Cornerstone, will serve as the portfolio manager to the fund.

Kamp, who has been with Cornerstone since 2006, has 18 years of investment experience.

Kamp and his investment team practice a large capitalisation growth investment style, which will be used to manage their portion of the fund's assets.

Liberty All-Star Equity Fund's other portfolio managers are Matrix Asset Advisors, Pzena Investment Management, Schneider Capital Management and TCW Investment Management.

Alps Advisors is the fund manager of the All-Star Equity Fund, a multi-managed, closed-end investment company with USD935m in net assets. The fund's shares are listed on the New York Stock Exchange.