Printer Friendly

MERIDIAN ASSET MANAGEMENT 1991 PERFORMANCE EXCEEDS S&P 500 BY 50 PERCENT

MERIDIAN ASSET MANAGEMENT 1991 PERFORMANCE EXCEEDS S&P 500 BY 50 PERCENT
 VALLEY FORGE, Pa., Feb. 11 /PRNewswire/ -- Meridian Asset Management announced its end-of-year investment performance today.
 Meridian's Employee Benefit Equity Fund produced a 45.1 percent total return compared to the 30.4 percent return of the S&P 500. Meridian's more aggressive Special Equity Fund ended the year with an 80.4 percent return, more than twice the performance of the S&P 500 benchmark.
 "We're obviously pleased with our 1991 performance," said Meridian Asset Management President Robert C. Williams. "More importantly, our customers are very pleased. Historically, half the investment managers in the country haven't exceeded the S&P. Aggressive managers are happy just to beat that index. But to have exceeded the S&P by 50 percentage points is quite extraordinary."
 Meridian Asset Management has historically outperformed the S&P 500. The three- and five-year compounded return figures released today were also impressive at 88.2 and 140.2 percent, respectively, for the Equity Fund, and 133.9 and 193.2 percent, respectively, for the Special Equity Fund.
 Williams attributed the organization's stellar performance to three key elements: "First, we think we have the finest team of investment professionals around. Second, our QUEST equity selection model, which combines the best aspects of growth and value investing styles, once again performed beautifully. We feel it is simply the best quantitative investment process in the marketplace. Finally, we balance a strong buy discipline with an equally strong sell discipline. That's something a lot of managers have trouble with. QUEST makes it a lot easier for us to get out of a particular stock at the appropriate moment."
 Meridian Asset Management is a broad-based financial services company headquartered in Valley Forge. It is a subsidiary of Meridian Bancorp, Inc. (NASDAQ: MRDN), one of the region's largest financial services companies with assets of more than $11 billion.
 Meridian Asset Management offers corporations and individuals a full range of asset management services including: investment counseling, portfolio management, tax services, trust services, and a full complement of employee benefits programs for managing and investing pension and profit-sharing funds.
 For more information on the company and its services call 215-251-7982.
 /delval/
 -0- 2/11/92
 /CONTACT: J.L. Keefer of Meridian Asset Management, 215-251-7982, or Bruce Rosner of The Tierney Group, 215-732-4100, for Meridian Asset Management/
 (MDRN) CO: Meridian Asset Management ST: Pennsylvania IN: FIN SU:


JS-KA -- PH023 -- 8902 02/11/92 15:04 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 11, 1992
Words:412
Previous Article:BI NO LONGER INTENDS TO ACQUIRE PMI/MCLAUGHLIN
Next Article:INVESTORS SAVINGS CORP. APPOINTS LENTZ TO BOARD
Topics:


Related Articles
ASAE software vendor.
DONALD YACKTMAN CREATES YACKTMAN ASSET MANAGEMENT COMPANY
NORWEST EQUITY PORTFOLIOS POST HIGH RETURNS
BANKATLANTIC REPORTS YEAR-END RESULTS AT ANALYST/PRESS MEETING
GREYHOUND FINANCIAL CORP. $750 MILLION SHELF DEBT RATED 'A' BY FITCH -- FITCH FINANCIAL WIRE --
THE EMERGING MEXICO FUND REPORT'S EARNINGS
CONCORD HOLDING CORPORATION NAMED TO INC. MAGAZINE'S LIST OF 500 FASTEST-GROWING PRIVATE COMPANIES IN AMERICA
SEI FUNDS BUSINESS TOPS $30 BILLION IN MANAGED ASSETS, INCLUDING 133 PERCENT GROWTH IN CLIENT BANK FUNDS IN 1992
GRUPO FINANCIERO BANAMEX-ACCIVAL REPORTS RESULTS
MERIDIAN REPORTS 17 PERCENT INCREASE IN FIRST QUARTER EARNINGS

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters