Contact: Edie D’Amora InvestorForce (610) 232-2402 edamora@investorforce.com
Scott Sunshine/Ed Sweeney TowersGroup (212) 354-5020 scottsunshine@towerspr.com edwardsweeney@towerspr.com
TOP PERFORMING INSTITUTIONAL MONEY MANAGERS RANKED BY INVESTORFORCE Wasatch Advisors Leads Equity Managers Ashmore Tops Fixed Income (Wayne, PA, May 28, 2002) — The quarterly survey of institutional investment manager performance from InvestorForce, an investment information and technology company, has identified the top ten performing equity and fixed income separate account managers in 19 asset classes. The survey was based on performance figures from the firm’s database of 779 separate account investment managers and 3,584 separate account products, for the trailing one-year period ending March 31, 2002. Leading the pack in the InvestorForce equity universe for the year was Wasatch Micro Cap managed by Wasatch Advisors, Inc., Salt Lake City, Utah. The account returned 54.94% over the trailing year and 2.41% in the first quarter. The leading performer in the fixed income categories was Ashmore Emerging Markets Liquid Investment Portfolio managed by Ashmore Investment Management Limited, London, England. Ashmore Emerging Markets returned 40.18% for the trailing year and 12.68% in the first quarter. Only the top-performing product in each category, according to the trailing year performance results, is included in the table that follows. Editor’s Note: To obtain a complete copy of the Quarterly Market Review, visit the InvestorForce website at www.investorforce.com and click on “Quarterly Market Review” found in the “What’s New” section of the homepage, or contact Scott Sunshine or Ed Sweeney at 212-354-5020. (MORE)
2002: TOP PERFORMING INSTITUTIONAL MONEY MANAGERS…/2 To qualify for inclusion in the survey, composites must have a three-year minimum track record and more than $50 million in vehicle/strategy assets. The reported data reflect returns of separate account composites only that were submitted on or before April 24, 2002. All rates of return are shown “gross,” or before investment management fees. The rankings contain performance returns for the past quarter and trailing one-, three- and five-year periods through March 31, 2002. The trailing three- and five-year returns are annualized and were calculated on a time weighted geometrically linked basis. The information and materials included in this report are a compilation of performance information. It should not be considered as a recommendation, endorsement, solicitation or investment advice for any investment manager or its services. All quarterly returns are provided directly by the manager of the product shown. While the information contained herein has been obtained from sources deemed reliable, neither InvestorForce nor any information provider guarantees that it is accurate or complete or makes any warranties with regard to the results that have been or may be obtained from its use. Past performance is not an indication of future performance. About InvestorForce InvestorForce is an investment information and technology company, which provides technology solutions to support the consultants, money managers and advisors to institutional and wealthy investors. InvestorForce helps streamline the operations of pension consultants by making available extensive analytics and search tools, as well as qualitative and quantitative information on the investment performance of the country’s leading money managers. InvestorForce’s technology allows investment managers to participate in an increased number of searches, as well as conduct competitive research on their peers. Over 1,400 pension fund consultants and more than 8,000 investment managers are registered on InvestorForce’s site. The company is headquartered in Wayne, Pa., with offices in Los Angeles, New York and Wilmington.
TABLE FOLLOWS
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2002: TOP PERFORMING INSTITUTIONAL MONEY MANAGERS…/3
(Based on gross returns for the trailing one-year period ending 3/31/02)
Top Overall Managers By Asset Class
Asset Class Small-Micro Cap Growth Small-Micro Cap Value Mid Cap Value Small-Micro Cap Core Emerging Markets Equity Emerging Markets Debt Large Cap Value High Yield Fixed Income Mid Cap Core Large Cap Growth Global Equity Large Cap Core Mid Cap Growth International Equity Global Fixed Income US Fixed Income Short/Low Duration & Cash US Fixed Income Intermediate Duration US Fixed Income Long Duration International Fixed Income
Firm Wasatch Advisors, Inc. Wasatch Advisors, Inc. First Pacific Advisors, Inc. Wasatch Advisors, Inc. Pictet International Management, Ltd. Ashmore Investment Management Limited DePrince, Race & Zollo, Inc. SMH Capital Advisors, Inc. DuPont Capital Management Groesbeck Investment Management Morgan Stanley Investment Management OakBrook Investments, LLC Nicholas-Applegate Capital Management Arnhold and S. Bleichroeder, Inc. Capital Guardian Trust Company Spectrum Asset Management, Inc. Spectrum Asset Management, Inc. STW Fixed Income Management Ltd Pacific Investment Management Co. (PIMCO)
1 Yr. 54.94% 54.22% 45.53% 43.40% 41.87% 40.18% 25.86% 23.30% 23.26% 20.90% 19.52% 19.17% 18.97% 18.23% 11.10% 10.70% 10.63% 7.56% 6.20%
1st Qtr. 2.41% 17.06% 8.29% 11.21%
3 Yrs. 5 Yrs. 48.59% 40.29% 46.78% NA 21.52% 16.13% 36.54% 26.56% -1.38%
15.76% 29.82%
12.68% 42.84% 22.87% 9.35% 6.57% 7.79% 5.45% 14.66% 14.42% 12.42% 9.28% 19.35% 19.77% 7.30% 14.65%
12.92% 22.10% 20.90% 3.63% 4.20% 7.07% 1.59% 15.11 8.23%
10.99% 20.65% 14.18% 2.80% 0.83% 0.60% -0.99% 0.46% 9.96% 2.46% 6.51% 6.64% 6.76% NA 4.63% 9.29% 9.22% 8.36%
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