Verity Asset Management Has Top Performing Small Mid Cap Value Strategy

Durham, North Carolina, UNITED STATES

DURHAM, N.C., Sept. 5, 2012 (GLOBE NEWSWIRE) -- The portfolio performance was ranked #1 by PSN Informa for the 3-year time period in the Small-Mid Value universe out of the 63 products in its category, and received the "Best of the Best" award.

Verity's Small-Mid Cap Value portfolio also received multiple #1 and top ten rankings from PSN Informa for the performance period ending 6/30/2012.

Significantly, the portfolio was further recognized with five top-ten "Bull and Bear Master" rankings, including:

  • #1 in the Small-Mid Value universe,
  • #1 in the Small-Mid Cap universe,
  • #2 in the Small Cap Value universe,
  • #6 in the Small Cap universe, and
  • #10 in the US Value universe.

To qualify for the "Bull and Bear Master" rankings, a product must have, for the recent three year period, an Upside Market Capture ratio of 100 or more, a Downside Market Capture ratio of 100 or less, and an R-squared of 0.80 or greater relative to its style benchmark. Verity's Small-Mid Cap Value portfolio had the highest ratio of Upside Market Capture to Downside Market Capture in the Small-Mid Value universe.

"From the firm's perspective," according to President Gordon Wegwart, "perhaps the most attractive element has been the effectiveness with which the strategy's stock screening discipline has reduced declines relative to its benchmark."

The strategy is led by Steve Lewis, who brings nearly 25 years of investment experience to the proprietary security selection process used in managing this portfolio. Steve has been a member of Verity's investment management team since 2006. Previously, Steve worked for Dreyfus and JPMorgan Chase, and also managed the Global Navigator Fund L.P., a hedge fund.

"Although the second quarter of 2012 was a challenging market environment, the portfolio's 3-year performance is something we hope to continue building upon," says portfolio manager Steve Lewis. "The stock selection process we employ has enabled the portfolio to identify companies that we believe are undervalued by the market."

PSN Informa is a service of Informa Investment Solutions (IIS), the investment industry's leading premier provider of online applications and outsourced services, including data management and performance measurement. For more information on Informa Investment Solutions, visit

All investing involves risk of loss. Past performance provides no guarantee of future results, and there is no guarantee that strategies which have been successful in the past will be similarly successful in the future.

About Verity

Verity Asset Management, Inc. is an SEC-Registered Investment Adviser that provides investment advisory services encompassing multiple lines of business, including: (1) Comprehensive account management for Individual Investors; (2) Consulting and investment advisory services to Retirement Plan Sponsors, with expertise in both the educational tax-exempt and corporate 401(k) plans markets; (3) Institutional Account management, with a focus on small endowments and foundations; and (4) Investment Adviser Solutions, providing turnkey account management platforms for other advisory firms.

Established in 1996, Verity has over 30 investment advisory personnel in four locations. Verity maintains headquarters at Diamond View II overlooking the Durham Bulls Athletic Park in Durham's historic American Tobacco Historic District.

The Verity Asset Management, Inc. logo is available at


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