|
Ft. Lauderdale, FL (PRWEB) May 11, 2005 --
Strategic Capital Advisors, LLC, led by
founder Arthur J. Drago, brokers a key
strategic purchase for Boston-based Pioneer
Investment Management, Inc.
"This overall five-star rated fund, ranked
by Morningstar in the top 2% of funds in its
class, further enhances our medium and
large-cap equity lineup" says Osbert
Hood, Pioneer Chief Executive Officer and
President. "Its emphasis on 'classic value'
stocks and its relatively focused portfolio
complement our more broadly diversified
value funds" Cullen
Capital Management, LLC, which previously
managed the Fund, now serves as its
investment
sub-adviser. James P. Cullen, the firm's
founder and President, continues his role as
the Fund's portfolio manager. "Buying stocks
with low price to earnings ratios, low price
to book ratios, and high dividend yields is
a key to the Fund's five-star rating," says
Cullen. "We pay strict attention to
companies that meet quality standards
related to their debt and balance sheet"
|
|
New York-based Cullen Capital Management,
LLC, is an affiliate of Schafer Cullen
Capital Management, founded in 1983. The
firm manages over $1.3 billion for
institutions and high net worth individuals,
and is a leader in "value investing"
“This strategic acquisition is a great
cultural fit for both parties,” says Arthur
J. Drago, who elaborates by stating, “In
this type of structured deal, the degree of
cultural fit is one of the most reliable
indicators of the newly-formed
relationship’s potential for long-term
success” Strategic
Alliance Group, LLC (retained executive
search) and Strategic Capital Advisors, LLC
(mergers and acquisitions) are both wholly
owned subsidiaries of Drago Holdings, LLC. |
