Citizens Advisers Announces Appointment of Top Analyst Dan Lew; Socially Responsible Investment Management Firm Adds to In-House Investment Capabilities.Business Editors PORTSMOUTH, N.H.--(BUSINESS WIRE)--Sept. 3, 2003 Citizens Advisers, Inc., one of the nation's oldest and largest socially responsible investment management firms, today announced the appointment of Daniel Lew, 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. to portfolio manager. He will be leading the creation of a new small-cap value discipline at Citizens, as well as supporting the firm's other value equity offerings. "The small-cap value asset class has historically been among the best-performing areas of the marketplace," remarked Citizens' president, Sophia Collier Sophia Collier is the founder and chair of the Board of Directors of Citizens Advisers, Inc. and is the creator of the Citizens IndexSM, an index of socially responsible large-capitalization companies. . "I believe Dan has uncanny instincts in selecting small-cap value stocks Value stocks Stocks with low price/book ratios or price/earnings ratios. Historically, value stocks have enjoyed higher average returns than growth stocks (stocks with high price/book or P/E ratios) in a variety of countries. ; his skills in screening and fundamental research will be an invaluable asset to our firm and our investors." Mr. Lew commented, "As the market recovers from the downturn, I believe we're approaching a unique period that has the potential for significant appreciation in small-cap value stocks. It's an exciting time to join Citizens and I'm looking forward to putting my ideas to work." In continuing to build up its investment management capabilities, Citizens' strategy is to attract top talent with strong track records. "Bringing Dan Lew to Citizens is a great example of how we're implementing our investment management strategy," concluded Ms. Collier. Mr. Lew has over 18 years of investment industry experience. He joins Citizens from Strong Capital Management, Inc. where he was a founding member of the firm's accomplished small-cap value equity team. Prior to Strong, Mr. Lew was a senior investment consultant at William M. Mercer Investment Consulting, Inc. and at RogersCasey. Prior to that, he was with Equitable Capital Management Corporation where he headed up portfolio analysis and performance measurement and also managed an asset allocation fund asset allocation fund An investment company that varies the proportion of its portfolio devoted to stocks, bonds, and money market securities in order to reduce the variability of returns and to take better advantage of different segments of the securities . Mr. Lew earned his M.B.A. in finance from New York University New York University, mainly in New York City; coeducational; chartered 1831, opened 1832 as the Univ. of the City of New York, renamed 1896. It comprises 13 schools and colleges, maintaining 4 main centers (including the Medical Center) in the city, as well as the and his B.S. in computer science from Columbia University. He is a member of the Association for Investment Management and Research and the 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 Society of Security Analysts, and holds the Chartered Financial Analyst Chartered Financial Analyst (CFA) An experienced financial analyst who has passed examinations in economics, financial accounting, portfolio management, security analysis, and standards of conduct given by the Institute of Chartered Financial Analysts. (CFA) designation. About Citizens Advisers As a leader in socially responsible investing Socially responsible investing describes an investment strategy which combines the intentions to maximize both financial return and social good. In general, socially responsible investors favor corporate practices which are environmentally responsible, support workplace diversity, , Citizens' mission is to generate superior returns by investing in companies that are fundamentally strong and socially responsible. Citizens serves the needs of individual and institutional investors with a wide array of investment options, including domestic and international equity, fixed-income and money market products. |
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