The New Orleans-based St. Denis J. Villere & Company has launched its second fund, the Villere Equity Fund (Ticker: VLEQX).
The fund will focus on look for undiscovered small and mid-size companies the managers believe have potential.
“Many of our current shareholders as well as advisors who recommend our prior fund, the Villere Balanced Fund, urged us to create this new equity fund. So, we designed the Villere Equity Fund to focus on the equity work we do, with a particular emphasis on striving to uncover undiscovered small and mid-size companies we believe have potential. While the fund can invest across all market caps, our experience has shown these smaller companies, when well vetted, may provide investors significant long-term growth potential,” stated George Young, portfolio manager and partner of Villere & Co., the adviser to the funds.
Here is the press release:
Company Press Release
Villere Equity Fund Launched by Villere & Co.
100-year old New Orleans firm offers investors an opportunity to participate in the equities potential of today’s markets
NEW ORLEANS, LA (May 31, 2013) St. Denis J. Villere & Company, LLC, is pleased to announce the launch today of their new Villere Equity Fund (Ticker: VLEQX).
“Many of our current shareholders as well as advisors who recommend our prior fund, the Villere Balanced Fund, urged us to create this new equity fund. So, we designed the Villere Equity Fund to focus on the equity work we do, with a particular emphasis on striving to uncover undiscovered small and mid-size companies we believe have potential. While the fund can invest across all market caps, our experience has shown these smaller companies, when well vetted, may provide investors significant long-term growth potential,” said George V. Young, portfolio manager and partner of Villere & Co., the adviser to the funds.
The Villere Equity Fund adheres to the same core equity process found in the Villere Balanced Fund seeking to achieve its objective of long-term growth. The fund managers, Young and his cousin, St. Denis (Sandy) Villere, III, use a disciplined approach to identify companies that, in their opinion, are undervalued and largely undiscovered. They are continually looking for companies they believe have the potential to deliver above-average returns in favorable market conditions while preserving capital during times of market weakness.
“We intend to manage our new Villere Equity Fund with the same portfolio management stability, innovation, research and teamwork that four generations of the Villere family have achieved for more than a century now.” The firm has offered separately managed accounts throughout its history.
According to Young, the Villere Equity Fund may be best suited to investors looking for a complementary option for their growth portfolios that stresses long-term capital growth, with an emphasis on opportunities from small and mid-size companies.
Villere & Co. is also the adviser to the award-winning Villere Balanced Fund (Ticker: VILLX). In both 2013 and 2012, Lipper named this fund in Best Mixed-Asset Target Allocation Growth Fund for risk-adjusted consistent returns for both the 3- and 5-year periods as of 11/30/2012 among 151 and 144 funds and as of 11/30/11 among 139 and 134 funds, respectively. In addition to equities, the Villere Balanced Fund includes an allocation to bonds.
About Villere
Founded over 100 years ago, Villere & Co. remains a family-run business. It is headquartered in New
Orleans, where it was founded by St. Denis J. Villere in 1911. The advisor has been operated
continuously since then by four generations of the Villere family. Its four current principals include two brothers, a son and a cousin. The firm manages approximately $2.2 billion in separately managed accounts and a mutual fund. See www.villere.com for additional information.
About Lipper Fund Awards
A Lipper Fund Award is awarded to one fund in each Lipper classification for achieving the strongest trend of consistent risk-adjusted performance against its classification peers over a three, five or ten-year period.
Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. Users acknowledge that they have not relied upon any warranty, condition, guarantee, or representation made by Lipper. Any use of the data for analyzing, managing, or trading financial instruments is at the user’s own risk. This is not an offer to buy or sell securities. Lipper Analytical Services, Inc. is an independent mutual fund research and rating service.
The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The
Thomson Reuters Awards for Excellence recognize the world's top funds, fund management firms, sellside firms, research analysts and investor relations teams. The Thomson Reuters Awards for Excellence also include the Extel Survey Awards, the StarMine Analyst Awards, and the StarMine Broker Rankings.
The Funds’ investment objectives, risks, charges, expenses and other information are described in the statutory or summary prospectus, which must be read and considered carefully before investing. You may obtain a hard copy by calling 866-209-1129. Please read the Prospectuses carefully before you invest.
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