Rady Asset Management’s Contrarian Long/Short Fund has been ranked as a Lipper Leader for total return, preservation and tax efficiency.
In addition, Rady’s Opportunistic Value Fund ranked in the top one per cent of its category by PSN for multiple periods ending 30 June 2009.
"Our contrarian and opportunistic approach to investing is rooted in the pursuit of capital preservation, risk management and excess returns," says Harry Rady (pictured), chief investment officer and portfolio manager of Rady Asset Management. "We are very proud to be ranked as a Lipper Leader, which is a testament to our mission of consistently delivering superior risk adjusted performance."
The Rady Contrarian Long/Short Fund invests primarily in mid- to large-capitalization US companies and seeks to achieve positive and consistent returns while limiting exposure to general stock market downside risk. It combines long positions in undervalued stocks and short positions in overvalued stocks to pursue excess returns in both long and short holdings. It received Lipper’s highest ranking in total return, preservation and tax efficiency in order to be named as a Lipper Leader. In the year ended 31 December 2009, the fund returned 17.23 per cent.
The Rady Opportunistic Value Fund ranked in the top one per cent of its category by PSN for the one, two, three, five and 15-year periods ending 30 June 2009. The fund uses a long-only investment strategy and seeks to invest in companies with hidden intrinsic value according to strict valuation parameters. In the year ended 30 June 2009, the fund returned 4.37 per cent compared with the Russell 1000 Value Index’s 29.03 per cent decline.