Cheswick Investment Company Receives No. 1 Ranking For Three-Year Performance From Thomson Investment Software Personal Services Group.GREENWICH, Conn.--(BUSINESS WIRE)--July 21, 1997-- Company Posts 193% Equity Growth In Three Years Cheswick Investment Company, a private money management firm, of Greenwich, Connecticut Greenwich is a town in Fairfield County, Connecticut, United States. As of the 2000 census, the town had a total population of 61,101. It is home to many hedge funds and other financial service companies that have left Manhattan. Of the $1. , has been ranked number one for equity investment performance for the three-year period ending June 30, 1997 by Thomson Investment Software Personal Services personal services n. in contract law, the talents of a person which are unusual, special or unique and cannot be performed exactly the same by another. These can include the talents of an artist, an actor, a writer, or professional services. Group, an industry rating service. Thomson also ranked the firm in the top ten for one year performance with a +49.7% return. The firm's equity composite portfolio virtually tripled in the past three years -- up 193% vs. 113.5% (including dividend reinvestment Reinvestment Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash. 1. In terms of stocks, it is the reinvestment of dividends to purchase additional shares. ) for the the S&P. "Our investment philosophy is based on the simple maxim -- buy the best, avoid the rest, and never sell on bad news," says veteran money manager Richard Cheswick of Cheswick Investment, who founded the company in 1986. "Our three-year performance reflects our long standing commitment to high quality, high growth stocks. We are pleased to have our accomplishments for our clients recognized." Cheswick added, "Portfolios are built so that our best ideas can make a meaningful impact on investment performance. We pride ourselves on consistently strong performance in the large company growth equity market and we anticipate continued favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. results." Cheswick Investment Co., based in Greenwich, manages over $550 million of discretionary investment accounts. Investments are managed by a team of investment professionals: Richard R. Cheswick, founder of the company, Susan Cheswick Brewer and Carol Cheswick Ross Ross , Sir Ronald 1857-1932. British physician. He won a 1902 Nobel Prize for proving that malaria is transmitted to humans by the bite of the mosquito. . Cheswick Investment offers investment counsel and portfolio management for high net-worth individuals and their families. The company takes a long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. growth approach and invests primarily in large cap growth stocks. CONTACT: Cheswick Investment, Greenwich Carol Cheswick Ross/Susan Cheswick Brewer 203/869-3600 |
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