PHILADELPHIA, PA–(Marketwired – Apr 8, 2015) – Glenmede and Glenmede Investment Management, LP (GIM), a privately held and independent investment firm, announced today that the Glenmede Large Cap Growth (GTLLX) Fund won the 2015 Lipper Award for leading 5-year risk-adjusted performance among the 219 portfolios and 564 funds in the Multi-Cap Core Funds category. GTLLX, which had approximately $860.7 million in AUM as of December 31, 2014, won the award based on Lipper’s calculation of consistent risk-adjusted return for the 5 years ending November 30, 2014.
“Winning a Lipper Award for our Large Cap Growth fund, is a testament to our investment team’s diligent, disciplined and analytics-driven approach to delivering superior long-term performance for our clients — regardless of the economic environment,” said Gordon Fowler, CEO and CIO of Glenmede. “Our Large Cap Growth fund had a fantastic 2014, and we look forward to building the portfolio this year.”
GTLLX’s investment philosophy is based on seeking undervalued stocks with attractive fundamentals, coupled with a disciplined focus on minimizing risk. Optimized for broad diversification across sectors, industries and individual companies, GTLLX fund managers use proprietary multi-factor fundamental and quantitative models to invest in large cap growth companies that have appealing valuations, high cash flow yields and strong earnings characteristics. The fund invests in companies with market capitalizations within the range of the Russell 1000 Growth universe.
“We are pleased to honor Glenmede for the superior performance of the Glenmede Large Cap Growth Fund,” said Jeff Tjornehoj, Lipper’s Head of Americas Research. “We tip our hats to the team’s commitment to superior risk-adjusted returns.”
The fund is co-managed by Vladimir de Vassal, CFA, and Paul T. Sullivan, CFA. Both de Vassal and Sullivan have managed the fund since its inception in 2004. “We like to say our investment philosophy parallels the theory of emergence,” says de Vassal. “Like in science, where two disparate elements produce something new or more robust, we constantly seek to integrate the right inputs and analytical tools to create a distinct investment process. As a result, stronger predictive values and consistent performance can potentially emerge.”
The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global collection of awards celebrating exceptional performance throughout the investment community. The Lipper Awards honor mutual funds, hedge funds and fund management firms that have excelled in delivering consistently strong short- and long-term risk-adjusted performance relative to their peers. The awards are determined using Lipper’s objective and proprietary performance-based methodology.
Glenmede received the award at the 2015 Lipper Award ceremony, held on March 31st, in New York City.
About Glenmede Investment Management LP
Glenmede Investment Management LP (“GIM”) is a registered investment advisor and wholly-owned subsidiary of The Glenmede Trust Company, N.A. (“Glenmede”). With $10.1 billion of institutional assets under management, GIM offers a proprietary family of mutual funds and also serves corporations, public plans, foundations, endowments, and not-for-profit clients. Headquartered in Philadelphia, the firm has offices in Ohio, Delaware, New Jersey, New York and Washington DC. For further information, please visit www.glenmede.com.
Opinions expressed are subject to change at any time, are not guaranteed and should not be considered investment advice.
The Fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. The Glenmede Funds’ prospectus contains this and other important information about the investment company, and it may be obtained by calling 1.800.442.8299, or visiting www.glenmedeim.com. Please read the prospectus carefully before you invest or send money.
Past performance is not a guarantee of future results.
Mutual fund investing involves risks: principal loss is possible. The Fund may invest in IPOs and the market value of IPO shares could fluctuate considerably due to factors such as the absence of a prior public market, unseasoned trading, the small number of shares available for trading, and limited information about the issuer. Diversification does not assure a profit or protect against loss in a declining market.
The Fund’s comparative benchmark is “The Russell 1000 Growth Index” which is an unmanaged, market-capitalization-weighted total return index comprised of securities in the Russell 1000 Index with greater than average growth orientation. This unmanaged index is a total return index with dividends reinvested. You cannot invest in an index.
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, sell-side 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.
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Glenmede Investment Management LP is the investment advisor to the Glenmede Funds, which are distributed by Quasar Distributors, LLC.