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Monday, July 30, 2007

Jensen Appoints Director

News summary by MFWire's editors

Kenneth Thrasher has been named as an independent director to The Jensen Portfolio, a public mutual fund advised by Jensen Investment Management. Thrasher is currently the CEO of Compli, the company that created the first web-based enterprise compliance management system. The Jensen Portfolio was launched in 1992 and has over 90,000 shareholders.


The Board of Directors of The Jensen Portfolio announced today that Kenneth Thrasher has been named as an independent director to The Jensen Portfolio, a public mutual fund advised by Jensen Investment Management. Mr. Thrasher is CEO of Compli, creators of the first web-based enterprise compliance management system.

Prior to joining Compli, Ken served 18 years in executive positions with Fred Meyer Stores, including CFO and Executive Vice President with oversight of HR, financial and corporate compliance. He rose to become President and CEO after Fred Meyer merged with The Kroger Company (at $50 billion, the nation's largest grocery store chain). Currently, Ken serves on the boards of numerous Oregon-based organizations including NW Natural, the Oregon Coast Aquarium, Oregon Mentors, Friends of the Children and the Children's Institute. He was also appointed by the Governor as Chairperson of the Quality Education Commission for Oregon in 2001, which he chaired until his term expired in 2005. Ken previously co- chaired Portland State University's Capital/Endowment Campaign and now serves on its Foundation board.

"We are thrilled to have an independent director with the breadth of experience that Ken brings to the board of The Jensen Portfolio," said Tom Thomsen, independent director and Chairman of the Nominating Committee. "I am honored to be elected as a director," stated Ken Thrasher. "Shareholders of The Jensen Portfolio may be assured that I will work diligently on their behalf."

The Jensen Portfolio was launched in 1992 and serves over 90,000 shareholders. Jensen Investment Management, an independent registered investment advisor located in Portland, Oregon, serves as advisor to the fund. The advisor provides investment management services for individuals and institutions, including pension funds, foundations and endowments. Jensen uses a singular equity investment discipline that seeks to achieve long-term growth with less risk than the general market. As of June 30, 2007, total assets under management for the advisor exceeded $3.0 billion.

The Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 800-992-4144, or by visiting http://www.jenseninvestment.com. Read it carefully before investing. Mutual fund investing involves risk; loss of principal is possible. Distributed by Quasar Distributors, LLC.  

Edited by: Erin Kello


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