BERWYN, Pa.--(BUSINESS WIRE)--The Killen Group, a boutique investment management firm recognized for its deep value approach, today announced the 30-year anniversary of its Berwyn Fund. The longevity of the small cap value fund, which is approaching a half-billion dollars in assets, validates the firm’s investing model and reinforces its commitment as a steward for the fund’s shareholders. The fund’s assets have grown steadily since inception despite changing market conditions, investment options and investor expectations.
“I’m very proud of this milestone but I’m even prouder of the value we’ve delivered for our shareholders over the last 30 years,” said Robert E. Killen, Chairman and CEO of The Killen Group and Chairman and President of The Berwyn Funds. This fund was founded in 1984 based on the philosophy that we could find value in the small cap space. We’ve actually stayed true to that investing approach in each of our three funds, we’ve maintained a consistent team and we’ve always put our shareholders first. Those are the things that have made us successful for so long and we’re committed to maintaining that approach indefinitely.”
The Killen Group’s present investment team has been together for more than a decade. In addition to Killen, the team is comprised of Portfolio Managers Lee Grout, George Cipolloni, and Mark Saylor who collectively make up the Investment Committee and have been instrumental in carrying out the firm’s investment philosophy and growing the Berwyn family of funds. Beyond the Berwyn Fund, the firm launched the Berwyn Income Fund in 1987 and a mid/large cap value fund called the Berwyn Cornerstone Fund in 2002. The Berwyn family of funds, which has more than $3.0 billion in assets under management, seeks to provide investors with a diversified set of portfolios with exposure to a broad range of value oriented assets.
“When I think about why we’ve been successful it really comes down to two things: consistency and independence,” said Mike Magee, Chief Operating Officer of The Killen Group. “We’ve stayed consistent with our deep value investing approach, we’ve maintained a consistent investment team and we’ve been able to make the right decisions for our shareholders because we’re an independent, investment-centric business. They may seem like basic concepts but those are the qualities that have allowed us to achieve success for our shareholders and Advisor partners.”
“We’ve partnered with The Killen Group for more than a decade and we’ve seen firsthand their relentless commitment to their shareholders and their investing philosophy,” said Bob Dorsey, Co-Founder and Managing Director at Ultimus. “We’ve worked side by side with them through changing markets, regulatory requirements and investor demands but they have never changed who they are. It’s refreshing to see that in today’s market. We’re proud of what they’ve achieved and we’re honored to be their business partner.”