Спонсор Балтийского первенства CC, IPV (Investiciju portfeliu valdymas) и управление фондом ZPR US Small Cap Value с радостью сообщают об успешном завершении этого года. Фонд ZPR US Small Cap Valueа к началу Балтийского Первенства (15 Февраля, 2005) составлял 1120,18 дол. США. В Понедельник (20 Июня, 2005 года) цена призов достигала 1168,87 дол. США. Фонд увеличился на 4,35% по отношению на началу Балтийского Первенства! Это означает, что все денежные Призы, которые были обявлены ранее, повышаются. Если нужна дополнительная информация, пожалуйста, посещать Вэбстраничку Фонда http://www.zprussmallcap.com/en/
Sponsor of the Baltic CC championships, IPV (УInvesticiju portfeliu valdymasФ) and its managed fund УZPR US Small Cap Value FundФ is delighted to announce the successful results this year. The price of ZPR US Small Cap Value Fund share at the start date of Baltic Championship (February 15, 2005) was 1120,18 USD. On Monday (June 20, 2005) the price reached 1168,87 USD. The price is up by 4,35 % from the start of Baltic Championship! This means all monetary prizes are already higher than it was announced at the start date. For more details please visit FundТs website http://www.zprussmallcap.com/en/
TOP INVESTMENT MANAGER RESUMES PACE
June 8, 2005
From 2001 to 2003, ZPR Investment ManagementТs Small Cap Value portfolios were up 168.47% net of fees while the S&P 500 was down 11.67% and many professional investors were losing money.
In 2004, the US market rallied and the ZPR portfolios had another good year (18.01% net of fees) which only matched the Russell 2000 (2000 largest stocks after the 1000 largest).
In 2005 through June 7, the Russell 2000 index is down 3.92%, but ZPR continues its winning ways. Its average Small Cap Value portfolio is up 5.51%. ZPR, with its sister company IPV, started a mutual fund in Lithuania with its Hansabank partner in April 2004. The fund this year is up 1.40% through June 7. The difference in performance from 5.51% is due to inflows of new cash and higher startup costs on a small base. To close the performance gap for the immediate time period, IPV has decided to take the unusual step to wave the expense portion of the management fee until the fund is larger. (This represents a savings of 1-2% for the fund investors.)
As the dollar has grown stronger this year, the performance of the fund in Litas/Euros is up another 11% so the YTD in Litas/Euros is 12.63%.
ZPR Group is owned by Max Zavanelli, former Distinguished Roland George Professor of Investments at Stetson University and one of the pioneers of quantitative investing and Modern Portfolio Theory.
ZPRТs 18 year track record of performance is apparently unmatched by any other manager according to the consultant databases and other sources yet they are relatively unknown due to their small size and neglected small cap value product.