Ranking Places the Strategy Among the Top 10 in Its Category Over the Past Three Years
Levin Easterly Partners, a private asset management firm specializing in serving institutions, today announced that its Mid Cap Value Strategy has received Four Stars and the PSN Top Gun distinction awarded through Informa Financial Intelligence’s PSN manager database. The strategy was awarded Top Gun status for having ranked among the top 10 funds in its Mid Value Universe over the three most recent three-year periods ended March 31, 2019.
In addition to its four-star Top Gun rating, the Mid Cap Value Strategy received three stars, indicating it had one of the top 10 returns in the Mid Value Universe for the three-year period ended March 31, 2019 based solely on returns for the period and no other factors.
“We are proud that Levin Easterly’s Mid Cap Value Strategy has been awarded the prestigious PSN Top Gun rating and four stars based on its performance, and I congratulate our investment team on earning this honor,” said Darrell Crate, Chairman of Levin Easterly. “This highly respected quarterly ranking is used by institutional asset managers and investors to guide their decision-making, and we expect it will further raise the visibility of our successful value strategies.”
Levin Easterly’s Mid Cap Value Strategy is an actively managed portfolio of 30 to 45 stocks composed of quality companies that are down in price. Like the firm’s other equity strategies, it is based on fundamental, bottom-up research and Levin Easterly’s time-tested investment philosophy and disciplined process.
Jack Murphy, Levin Easterly’s Chief Investment Officer, said, “The PSN Top Gun rating confirms the effectiveness of our contrarian, value-oriented investment approach. We find value through predictive research that identifies quality companies whose shares are down together with catalysts that have the potential to unlock value. This helps us make good stock selection decisions on a consistent, repeatable basis. Earning the Top Gun rating shows that we not only generate results but also have reproduced them over time.”
Background on the Top Gun Rating Methodology
In order to qualify for Top Gun consideration, a fund or strategy’s returns must have exceeded the appropriate style benchmark for the three latest three-year rolling periods. In addition, the strategy must have an R-squared of 0.80 or greater relative to the style benchmark for the recent five-year period. (R-squared measures the percentage of a strategy’s performance that matches the performance of its benchmark.) Those ranked among the top 10 returns for the latest three-year period then become the four-star Top Guns.
Unlike the four-star, Top Gun status, three stars are awarded to funds or strategies that had one of the top 10 returns for the three-year period in their respective universes based only on returns, without considering its five-year R-squared status.
Levin Easterly is a long-only asset management firm that was launched in April 2019 through Easterly’s acquisition of the institutional investment business of Levin Capital Strategies.
Financial Intelligence, part of the Informa Intelligence Division of Informa plc, is a leading provider of specialized industry research, intelligence, and insight for financial institutions. Its PSN database is North America’s longest running database of investment managers. For more information about IFI, visit http://financialintelligence.informa.com.
About Levin Easterly
Levin Easterly is a private asset management firm specializing in serving institutions with approximately $6.1 billion of AUM. The firm is focused on bottom-up, fundamental research with the goal of preserving capital and generating profit consistently through all market environments. For more information, please visit Levin Easterly at http://LevinEasterly.com.
Contact
Nicholas Parmelee
The Hubbell Group, Inc.
781-210-5027
nparmelee@hubbellgroup.com
Investments are subject to market risk, including the loss of principal. Investment strategies described may not be suitable for all investors. Equities are subject to market risk meaning that stock prices in general may decline over short or extended periods. The information contained does not take into account any investor’s investment objectives, particular needs, or financial situation. Nothing in this material constitutes investment, legal, accounting or tax advice, or a representation that any investment or strategy is suitable or appropriate.
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