Berger Funds Launches New Small Cap Value Fund.Business Editors DENVER--(BUSINESS WIRE)--April 1, 2002 Berger Financial Group LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , investment manager for Berger Funds, today announced the introduction of the Berger Small Cap Value Fund II, a diversified diversified (di·verˑ·s equity fund that aims for capital appreciation by investing primarily in the stocks of small companies whose stock prices are believed to be undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. and are trading at a discount relative to their intrinsic value Intrinsic Value 1. The value of a company or an asset based on an underlying perception of the value. 2. For call options, this is the difference between the underlying stock's price and the strike price. . "Investors have relayed to us that they are still interested in a small cap value offering from Berger," said Berger president and chief executive officer Jack R. Thompson Thompson, city, Canada Thompson, city (1991 pop. 14,977), central Man., Canada, on the Burntwood River. A mining town, it developed after large nickel deposits were discovered in the area in 1956. . "Our acquisition of Bay Isle Financial last year allows us to add this product under the direction of a new team led by Bill Schaff." Berger's initial Small Cap Value Fund is closed to new investors. Schaff co-founded San Francisco-based Bay Isle, which was acquired by Berger Financial Group LLC in December 2001. For more than 15 years, he has spearheaded management of the firm's large cap value initiatives, including a $1 billion separate account business and the Berger Large Cap Value Fund launched in 2001. "We plan to focus much of our process on risk control, which is extremely important in small cap investing. First, we look to minimize fundamental risk by excluding companies with above average leverage and negative cash flow. Second, we also aim to minimize risk on the portfolio level by having generally 50-100 names in the Fund with the anticipated maximum position initially being 1.5%," said Schaff. Starting today, shares of the Berger Small Cap Value Fund II (BVSCX) are available directly through Berger Funds and will be offered through fund supermarket fund supermarket A financial institution that offers a large number of mutual funds from many different sponsors. The term is often used to refer to brokerage firms that offer customers a very large number of no-load funds. platforms by the end of April. About Berger Financial Group LLC Berger recently closed on its acquisition of Enhanced Investment Technologies, Inc. (INTECH INTECH Institute for New Technologies ) announced in January 2002. Including this latest acquisition, the newly combined firm now manages and distributes more than $15 billion in assets under the Berger Financial Group LLC umbrella (as of 3/31/02). Berger's products include mutual funds and institutional and high net worth accounts that encompass value, growth and mathematical strategies in all capitalization capitalization n. 1) the act of counting anticipated earnings and expenses as capital assets (property, equipment, fixtures) for accounting purposes. 2) the amount of anticipated net earnings which hypothetically can be used for conversion into capital assets. categories. Berger Financial Group LLC is an 87%-owned subsidiary of Stilwell Financial Inc. The SEC requires that the following information be included in this news release: To obtain a prospectus for the Berger Funds that contains more complete information including risks, fees and expenses, call 800/333-1001. Please read it carefully before you invest or send money. Past performance does not guarantee future results. Investments in small company stocks may involve greater risks, including price volatility, and rewards than investments in larger companies. The Berger Small Cap Value Fund II is not a clone clone, group of organisms, all of which are descended from a single individual through asexual reproduction, as in a pure cell culture of bacteria. Except for changes in the hereditary material that come about by mutation, all members of a clone are genetically of the Berger Small Cap Value Fund. The portfolio management team, holdings, risks and performance will differ. Berger Distributors LLC (04/02) |
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