RADNOR, Pa., July 10, 2012 /PRNewswire/ -- Conestoga Capital Advisors announces the addition of Peter J. Niedland, CFA as a Portfolio Manager/Analyst for Micro-Cap Equities, effective Monday, July 2nd. Mr. Niedland will serve as Portfolio Manager for the firm's newly launched Micro-Cap strategy, which will focus on stocks with market capitalizations between $25 Million and $500 Million. In addition, Mr. Niedland will support the Small Cap team as a research analyst, working with lead portfolio managers William C. Martindale, Jr. and Robert M. Mitchell.
"We're very excited to have Pete lead the efforts to launch a new strategy for the firm," said William C. Martindale, Jr., Managing Partner and Portfolio Manager. "Pete brings a depth of experience in growth investing, and we look forward to introducing the Micro Cap strategy to our clients and prospective investors. As our Small Cap assets under management approach $1 billion, we look to the Mid Cap and Micro Cap strategies to provide additional avenues of growth in the next three to five years."
Mr. Niedland joins Conestoga after prior portfolio management and analyst roles with Emerald Advisors, NS Investment Partners, Davidson Capital Management, and Pilgrim Baxter, manager of the PBHG Funds. Throughout his career, Mr. Niedland has managed growth equities, with a primary expertise in the management of portfolios in small and micro cap equities for mutual fund and institutional clients.
Mr. Niedland added, "Joining Conestoga allows me to employ the investment approach I have developed throughout my career, with a great opportunity to help Conestoga build its Micro Cap strategy."
Conestoga's primary investment strategy, Small Cap Growth, has grown to over $750 Million in assets under management. In 2010, the Firm launched a Mid Cap Growth strategy, a natural extension and complementary diversification of the Firm's Small Cap Growth strategy. Earlier this year, Conestoga introduced the Conestoga Mid Cap Fund, to serve as the mutual fund investment vehicle for the Mid Cap Growth strategy. With the addition of Mr. Niedland, Conestoga will introduce Micro Cap Growth, allowing investors to access Conestoga's investment styles across the capitalization range.
About Conestoga Capital Advisors
Conestoga Capital Advisors, LLC ( www.conestogacapital.com ) is an independent investment advisory firm with over $800 million in assets under management as of June 30, 2012. The firm specializes in the management of mid, small, and micro cap equities. Conestoga Capital Advisors' investment style is conservative high-quality growth. The firm's portfolio managers utilize a fundamental, bottom-up research approach with a long-term investment focus.
SOURCE Conestoga Capital Advisors