New York, NY (PRWEB) April 11, 2006
Clear Asset Management LLC (Clear AM), an asset management and equity research firm, today reported first quarter returns after fees of 11.16%, nearly triple that of the S&P 500’s 4.21% return. Since its inception in September 2004, ClearAM’s composite has returned 41.64% net of fees, which is more than double the S&P 500’s return of 19.05% over the same period.
Founded in 2004 by Andrew Corn, a former senior vice president of TheStreet.com, the company invests solely on recommendations made by its custom-designed computerized algorithms that screen, evaluate, rank and weight stocks. The algorithms are based on a combination of academic studies and in part on the reverse engineering of equity holdings of legendary investors. Two of the firm’s portfolios were named a “Top Gun Investor” in the PSN 2005 Top Guns List by Informa Investment Solutions. To view the performance and detailed breakdown of each portfolio please visit http://www.clearam.com/performance.
“The consistency of our portfolios’ performance is a testament to Clear’s analytical rigor and systematic approach to investing", said Corn, ClearAM CEO. "In near flat markets, owning the top ranked stocks as calculated by our algorithms has performed well for our investors.”
Investors can take advantage of ClearAM’s investment strategies by investing in one or more of the asset management firms’ seven stock market portfolios for a sliding scale fee based on asset size or by purchasing its recommendations. Potential investors can view each portfolio’s holdings and read research notes by registering for free trials at http://www.clearam.com.
About Clear Asset Management LLC
Clear Asset Management offers seven institutional stock market portfolios to individuals, financial intermediaries and institutions in a separate account format through Clear AM’s wrap fee program. Investors choosing to trade on their own may purchase access to our stock holdings, trades and research in subscription formats. Rigorous stock selection using proprietary computer algorithms, clear communication with investors, and a focus on delivering consistent long-term results all set Clear Asset Management apart. Clear AM'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 more information, please see http://www.clearam.com.
From: Wendy Marx/203-445-2850
Clear AM's performance is the total return, net of fees, of model portfolios consisting of stocks ranked and weighted by Clear AM. Results reflect the reinvestment of dividends and other earnings.
The S&P 500 Index is a well-known, unmanaged index of the prices of 500 large-company common stocks, mainly blue-chip stocks, selected by Standard & Poor's. The S&P 500 Index assumes reinvestment of dividends but does not reflect advisory fees. An investor cannot invest directly in an index.
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