Liberty All-Star Equity Fund is a closed-end investment fund that employs a multi-management approach to equity investing, allocating its assets among multiple independent investment managers. The Fund diversifies its portfolio by investing in both value and growth style equities, aiming for consistent performance and risk reduction. It primarily serves individual investors seeking access to institutional-quality investment management, with shares traded on the New York Stock Exchange, providing liquidity and real-time pricing. The Fund is managed by ALPS Advisors, which oversees the selection and monitoring of the investment managers.