SAN ANTONIO, June 20, 2011 /PRNewswire/ -- South Texas Money Management, Ltd. (STMM) announced that it was named to the Lipper Top 40 Money Managers list for the quarter ended March 31, 2011. For its core equity composite, STMM was ranked number 5 out of 258 firms for the quarter and number 11 out of 243 firms for the year ended March 31, 2011.
"We are very excited about this national ranking," said Jeanie Wyatt, CFA, CEO and Chief Investment Officer of the San Antonio based firm.
Wyatt continues, "We are proudest of our ten year performance record. We are a majority women-owned firm and the majority of our professionals are women. I think we are helping to show that women can compete in the investment management business."
About South Texas Money Management
STMM was founded in 2000 by Jeanie Wyatt, CFA, a veteran investment professional with more than 30 years of industry experience. Today, STMM manages approximately $2 billion in assets (as of 2/1/2011), including equity, fixed income, and balanced asset classes for individuals, trusts, retirement plans, charitable foundations and endowments, as well as for bank trust departments and other institutions. Based in San Antonio, STMM has additional offices in Austin, Houston and Dallas. As a majority women-owned and managed investment firm, STMM has been certified by the State of Texas as a Historically Underutilized Business (HUB) since 2008. Additional information may be found at www.stmmltd.com.
Disclosure: The STMM Core Strategy Composite returns used in the rankings were calculated net of STMM management/advisory fees and brokerage commissions, and include reinvestment of dividends and interest, as well as accrued income and capital gains or losses Past performance is not indicative of future results. There is a possibility of loss. The STMM Core Strategy Composite contains those accounts with an all-equity securities focus. The equity securities in these accounts are described as Core Equity or are comprised primarily of all-capitalization stocks combining both growth and value disciplines. The characteristics of the portfolios contained in the STMM composite are not necessarily similar to the characteristics of the portfolios managed by the other managers listed in the Lipper rankings.
The Lipper rankings list the top rates of return reported by managers for this category and time period. All results are reported net of fees and inclusive of cash.
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SOURCE South Texas Money Management, Ltd.