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Verity's Small-Mid Cap Value Portfolio Receives 60 Top Gun Performance Awards From PSN Informa Over the Last Five Quarters

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DURHAM, N.C., Feb. 22, 2013 (GLOBE NEWSWIRE) -- For the most recent 3 year period ending 12/31/2012, the portfolio received fourteen Top Gun awards, and the performance was ranked #1 by PSN Informa in multiple categories:

  • #1 in the Small-Mid Value universe out of 59 portfolios,
  • #1 in the Mid Cap Value universe out of 139 portfolios, and
  • #1 in the Small Mid Cap universe out of 186 portfolios.

Verity's Small-Mid Cap Value portfolio also received four "Bull and Bear Master"* awards for having one of the ten highest ratios of Upside Market Capture to Downside Market Capture in the Small-Mid Cap Value, Mid Cap Value, Small-Mid Cap, and US Value universes.

The strategy is led by Steve Lewis, who brings over 25 years of investment experience to the proprietary security selection process used in managing this portfolio. Steve has been a member of Verity's investment management team since 2006. Previously, Steve worked for Dreyfus and JPMorgan Chase, and also managed the Global Navigator Fund L.P., a hedge fund.

"It is more important than ever to avoid value traps in the stock market," says portfolio manager Steve Lewis. "The stock selection process we employ has enabled the portfolio to identify companies that we believe are incorrectly undervalued by the market, but the market will not always recognize a higher value during the time period that we hold a position in that company's stock."

PSN Informa is a service of Informa Investment Solutions (IIS), the investment industry's leading provider of online applications and outsourced services, including data management and performance measurement. For more information on Informa Investment Solutions, visit www.informais.com.

* To qualify for the "Bull and Bear Master" rankings, a product must have, for the recent three year period, an Upside Market Capture ratio of 100 or more, a Downside Market Capture ratio of 100 or less, and an R-squared of 0.80 or greater relative to its style benchmark.

All investing involves risk of loss. Past performance provides no guarantee of future results, and there is no guarantee that strategies which have been successful in the past will be similarly successful in the future.

About Verity

Verity Asset Management, Inc. is an SEC-Registered Investment Adviser that provides investment advisory services encompassing multiple lines of business, including: (1) Comprehensive account management for Individual Investors; (2) Consulting and investment advisory services to Retirement Plan Sponsors, with expertise in both the educational tax-exempt and corporate 401(k) plans markets; (3) Institutional Account management, with a focus on small endowments and foundations; and (4) Investment Adviser Solutions, providing turnkey account management platforms for other advisory firms.

Established in 1996, Verity has over 30 investment advisory personnel in four locations. Verity maintains headquarters at Diamond View II overlooking the Durham Bulls Athletic Park in Durham's historic American Tobacco Historic District.

The Verity Asset Management, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11769

CONTACT: Steve Lewis (919) 354-3069

Source: Verity Asset Management