Bear Stearns Asset Management Launches New Mutual Fund.Business Editors NEW YORK--(BUSINESS WIRE)--Sept. 27, 2001 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 Inc. (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 October 1, 2001 launch date of The S&P STARS Opportunities Portfolio. Focused on small- to mid-capitalization companies whose prices do not reflect anticipated earnings growth, the fund is modeled after BSAM's six-year old S&P STARS Portfolio, a large cap core equity strategy which attracted more than $2 billion in net inflows in 2000. Through a unique partnership between Bear Stearns and Standard & Poor's, the BSAM portfolio management team will use S&P's STARS ranking system as the foundation for stock selection. "This strategy is truly a one of a kind in the industry," commented Doni Fordyce, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BSAM. The S&P STARS ranking system is also the basis for the S&P STARS Portfolio, which, despite the economic challenges of 2001, has received more than $800 million in new assets since the beginning of the year through August 31. The S&P STARS Opportunities Portfolio will invest primarily in companies with market capitalizations Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of $7 billion or less. Stocks generally will be selected for their potential to outperform the S&P MidCap 400 Index through an analytical process based on Standard & Poor's highest-ranked 5-STARS stocks and Bear Stearns' disciplined fundamental analysis. In order to take full advantage of market opportunities, the fund's managers may also sell short stocks in the lowest ranked 1-STARS category. The STARS Opportunities portfolio management team includes veteran Robert Natale, CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. , John Coyle John D. Coyle (born March 24, 1970) is a Canadian Business Consultant. Coyle started his career with Dundee United for whom he signed in 1950. His early years were interrupted by his National Service, while he also spent time on loan to Brechin City. , CFA, and John Massey. Mr. Natale has been the lead manager for the S&P STARS Portfolio since it's inception. Mr. Coyle and Mr. Massey are recent additions to BSAM's equity management team. Mr. Coyle joined BSAM in July from Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. Investment Management where he served as the principal global technology analyst for the top-ranked Merrill Lynch Global Small Cap Fund. Prior to this, he worked for Standard & Poor's Corporation where he managed the technology equity research team and was instrumental in launching the S&P STARS Portfolio. Mr. Massey was previously a healthcare analyst with Standard & Poor's. BSAM was founded in 1984 as a subsidiary of The Bear Stearns Companies Inc., one of the world's leading 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 and brokerage firms. As of August 31, BSAM managed more than $20 billion in assets across a wide spectrum of investment disciplines including U.S. equity and fixed income separate accounts and mutual funds, performance funds, private equity funds and venture capital funds Venture Capital Funds An investment fund that manages money from investors seeking private equity stakes in small and medium-size enterprises with strong growth potential. Notes: . Corporations, municipal governments, multi-employer plans, endowments, foundations, family groups and high-net-worth individuals have all come to rely on the firm's proven investment expertise and dedication to client service. "Standard & Poor's" and "S&P" are registered trademarks of the McGraw-Hill Companies, Inc. and have been licensed for use by Bear, Stearns & Co. Inc. The S&P STARS Opportunities Portfolio and the S&P STARS Portfolio are not sponsored, managed, advised, sold or promoted by Standard & Poor's. |
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