May 05, 2011
--- Dreman Value Management L.L.C., a contrarian value asset management
company, launched the Dreman Contrarian Value Equity
Fund. ---
The fund will be managed by E. Clifton "Cliff" Hoover,
Jr., who last September succeeded David Dreman as the firm's Chief
Investment Officer, along with Wesley D. Wright. With an investment objective
of long-term capital appreciation, the performance target for the Dreman
Contrarian Value Equity Fund is to exceed the Russell 3000 Value Index
over a full market cycle.
While the fund's composition
and market capitalization range is subject to change from time to time,
the portfolio managers expect to invest in 45 to 55 U.S. stocks of any
capitalization.
The announcement said the Value Equity Fund, which will be
offered in three Classes -- A, C, and Institutional -- may be a suitable
investment for long-term investors seeking a fund with a long-term
capital appreciation investment strategy, investors willing to accept
price fluctuations in their investment, and investors who can tolerate
the general risks associated with common stock investments.
PLANADVISER staff