Clear Asset Management Posts Yearly Returns of More than Double the S&P 500
Asset management and equity research firm announces One-Year Anniversary and exceptional stock market portfolio performance vs. S&P 500.
New York, NY (PRWEB) October 19, 2005 -- Clear Asset Management LLC (ClearAM), an asset management and equity research firm, today announced its one-year anniversary of managing money and reported annual returns after fees of more than double that of the S&P 500.
Founded in 2004 by Andrew Corn, a former senior vice president of TheStreet.com, and Dr. Daniel A. Nathanson, a former professor of NYU's Stern School of Business, the company invests solely on recommendations made by its custom-designed computerized investing programs that screen, evaluate, rank and weight stocks. The screens and algorithms are based on a combination of academic studies and in part on the reverse engineering of equity holdings of legendary investors like Peter Lynch and Warren Buffett.
“ClearAM’s performance is impressive by any measure, but particularly in light of the difficult investing environment we’ve witnessed over the past year. The consistency of the portfolios’ performance is a testament to Clear’s analytical rigor and systematic approach to investing,” says Roger Ehrenberg, ClearAM’s original seed investor and early investor in each of ClearAM’s six stock market portfolios. Ehrenberg, a 17-year Wall Street veteran, most recently served as the CEO of DB Advisors, LLC, the multi-billion dollar hedge fund subsidiary of Deutsche Bank AG. Ehrenberg is currently a Managing Director with the New York-based venture firm Geometric Group, LLC.
“We are pleased that investors are showing a vote of confidence in our rational, unconflicted approach,” says Andrew Corn, ClearAM CEO. “The number of investors using our services and the number of inquires has exceeded our expectations,” says Corn, noting that ClearAM only opened its portfolios to outside investors in July 2005 but today manages assets numbering in the millions of dollars.
Investors, brokers and institutions can take advantage of ClearAM’s investment strategies by investing in one or more of the firms’ six stock market portfolios for a sliding scale fee based on asset size or by purchasing its recommendations by subscribing to its research and portfolios.
About Clear Asset Management LLC
Clear Asset Management offers six institutional quality stock market portfolios to investors - with a choice of separate accounts and subscription formats. Rigorous stock selection using proprietary computer screening and rankings, clear communication with investors, and a focus on delivering consistent long-term results all set Clear Asset Management apart. Clear's objective is to help investors effectively pursue their financial goals - while avoiding the scandal, bias and conflicts of interest that have plagued Wall Street, the mutual fund industry and traditional equity research firms. Clarity, transparency, fairness and performance all define the Clear Asset Management commitment to investors. Clear Asset Management is a Registered Investment Advisor. For the complete release or more information, please see www.clearam.com.
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