NEW YORK, Jan. 6, 2012 /PRNewswire/ -- Lyrical Asset Management, LP (LAM), a registered investment advisor, announced today that its U.S. Value Equity strategy attained a three-year performance track record as of December 31, 2011. The U.S. Value Equity portfolio management team is led by LAM's Co-Founder and Chief Investment Officer, Andrew Wellington, and includes Associate Portfolio Manager and 14-year industry veteran, Caroline Ritter.
"Since inception, LAM has employed a deep value, high quality discipline that is demonstrably unique within the traditional equity arena," said Andrew Wellington. "As an emerging, boutique firm, LAM is committed to maximizing long-term investment results and to staying style pure yet benchmark agnostic. Our clients are finding this to be a refreshing alternative to the mass of benchmark-hugging funds that dominate the industry."
Since January 1, 2009, LAM's U.S. Value Equity strategy returned 102%, net of fees, outperforming the Russell 1000 Value benchmark by 14.9% per annum and placing the strategy in the top ranks of its category. U.S. Value Equity invests in 30-40 large- and mid-cap companies, diversified by industry but concentrated enough to drive differentiated performance. For 2009, Pensions & Investments recognized LAM as one of the "Top 10 Managers" in the US Value category.
About Lyrical Partners, LP
Lyrical Partners was founded in 2004 by Jeff Keswin, co-founder and former co-President of Greenlight Capital. Lyrical is a New York-based boutique value-driven investment firm that along with its affiliates manages funds of hedge funds, multi-family housing real estate funds, and public equity portfolios. The firm's strategies have received numerous awards from major industry publications.
THIS IS NOT AN OFFERING OR THE SOLICITATION OF AN OFFER TO INVEST IN THE STRATEGY PRESENTED. ANY SUCH OFFERING CAN ONLY BE MADE FOLLOWING A ONE-ON-ONE PRESENTATION, AND ONLY TO QUALIFIED INVESTORS IN THOSE JURISDICTIONS WHERE PERMITTED BY LAW.
THERE IS NO GUARANTEE THAT THE INVESTMENT OBJECTIVE OF THE STRATEGY WILL BE ACHIEVED. RISKS OF AN INVESTMENT IN THIS STRATEGY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS OF INVESTING IN EQUITY SECURITIES GENERALLY, AND IN A VALUE INVESTING APPROACH, MORE SPECIFICALLY. MOREOVER, PAST PERFORMANCE SHOULD NOT BE CONSTRUED AS AN INDICATOR OF FUTURE PERFORMANCE.
THE U.S. VALUE EQUITY TRACK RECORD REFERRED TO HEREIN COMMENCED AT THE BEGINNING OF THE MONTH FOLLOWING LAM'S ACCEPTANCE OF ITS INITIAL FEE PAYING INVESTOR.
THE RUSSELL 1000 VALUE INDEX MEASURES THE PERFORMANCE OF THE LARGE-CAP VALUE SEGMENT OF THE U.S. EQUITY UNIVERSE. IT INCLUDES THOSE RUSSELL 1000 COMPANIES WITH LOWER PRICE-TO-BOOK RATIOS AND LOWER EXPECTED GROWTH VALUES. THE RUSSELL 1000 VALUE INDEX IS CONSTRUCTED TO PROVIDE A COMPREHENSIVE AND UNBIASED BAROMETER FOR THE LARGE-CAP VALUE SEGMENT. THE INDEX IS COMPLETELY RECONSTITUTED ANNUALLY TO ENSURE NEW AND GROWING EQUITIES ARE INCLUDED AND THAT THE REPRESENTED COMPANIES CONTINUE TO REFLECT VALUE CHARACTERISTICS.
SOURCE Lyrical Asset Management, LP