Bear Stearns Asset Management Launches Mid Cap Equity Product.NEW YORK--(BUSINESS WIRE)--Oct. 15, 1996--Bear Stearns Asset Management (BSAM BSAM Basic Sequential Access Method BSAM Basic Software Acquisition Management course (at IRMC/DSMC also known as SAM 101) BSAM Business Subject Area Model BSAM Bachelor of Shuddha Ayurvedic Medicine BSAM Basic Synchronous Access Method ) today announced the launch of the Mid Cap Equity Product. The Mid Cap Equity Product will primarily invest in firms with market capitalizations of between $500 million and $4 billion. These companies represent over 25% of the total market capitalization Total Market Capitalization The total market value of all of a firm's outstanding securities. of the U.S. equity market. This portfolio will be managed by the same proven investment team as BSAM's other successful equity products. The Mid Cap Equity Product's investment objective is to outperform the S&P 400 Mid Cap Index which itself has outperformed the S&P 500 Index over the past five and ten year periods ended June 30, 1996. The Mid Cap is the latest introduction by BSAM, which manages over $3 billion in equity products for institutional and individual investors. BSAM's equity products include small cap value equity, large cap value equity, and an equity-based performance product. "We're taking the proven disciplines which have contributed to the success of our current equity products, and are applying them to our new Mid Cap product," said Mark Kurland, chairman and chief executive officer of BSAM, and the leader of the Mid Cap Equity Product management team. "Because earnings growth drives stock prices, companies that have the potential to experience an acceleration in their earnings tend to outperform the market over time, and will provide superior investment results." Doni Fordyce, senior managing director and head of BSAM marketing, added, "BSAM's Mid Cap product offers institutional clients a team of seasoned professionals with proven track records, an opportunity to outperform the S&P 400 Mid Cap over a market cycle, and the potential for strong and consistent performance versus the peer group. The Mid Cap product is a natural extension of our equity expertise, and rounds out our offerings, reiterating Bear Stearns' strong client focus." As of June 30, 1996, Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. Asset Management had over $8 billion under management. Bear Stearns Asset Management is a division of Bear Stearns & Co. Inc., a leading worldwide investment banking and securities trading securities trading, financial activity involving transactions of property such as stocks, bonds, commodities, and currency (see securities). Although the trading of stocks and bonds dates back several centuries in many Western nations, the development of the firm. With approximately $8.9 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide. The company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales and trading, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Through Bear, Stearns Securities Corp., it offers professional and correspondent clearing, including securities lending Securities Lending When a brokerage lends securities owned by its clients to short sellers. Notes: This allows brokers to create additional revenue (commissions) on the short sale transaction. . Headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , the company has over 7,800 employees located in domestic offices in Atlanta, Boston, Chicago, Dallas, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and San Francisco; and an international presence in Beijing, Buenos Aires, Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. , Hong Kong, London, Madrid, Manila, Paris, Sao Paulo, Shanghai, Singapore and Tokyo. CONTACT: Bear Stearns, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Hannah Burns 212/272-2395 Mary Flounders Green 212/272-4356 |
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