Posts Tagged ‘Hancock Horizon Burkenroad Small Cap Fund’

Bloomberg Markets: Burkenroad Fund Tops Peers

Thursday, November 13th, 2014

bloomberg-markets

From Bloomberg Markets magazine, November 2014:

The fund takes its name from the Burkenroad Reports written by students at Tulane’s Freeman School of Business. Peter Ricchiuti founded the program in 1993 and named it after William Burkenroad Jr., a Tulane alum and donor. Each year, about 200 undergraduate and graduate students in Ricchiuti’s course fan out in teams across the South and spend a day with executives at about 40 publicly traded firms. The companies are often hungry for the attention, Ricchiuti says. “The further you are from Wall Street, the more you’re likely to find companies that nobody knows about. They don’t tend to get overpriced and overhyped.”

To read the article in its entirety, visit Bloomberg.com:

http://www.bloomberg.com/news/2014-11-13/burkenroad-fund-tops-peers-with-small-cap-stars-in-dixie.html


Barron’s spotlights Burkenroad Reports

Thursday, October 10th, 2013

The Freeman School’s Burkenroad Reports program earned a national spotlight this week with a high-profile feature in Barron’s magazine.

Burkenroad-Reports

Barron’s praised Burkenroad Reports for the impressive record of its student analysts.

In Schooling Wall Street in the Big Easy, Barron’s reporter Christopher C. Williams profiles the long-running equities research program and highlights the impressive record of its student analysts.

Williams interviewed Peter Ricchiuti, professor of practice and founder of the program, for the article along with student analyst Jimmy Dunn (MBA ’14) and David Lundgren, manager of the Hancock Horizon Burkenroad Small Cap Fund, a mutual fund inspired by the program and which uses the reports as a primary source of research.

“Ricchiuti and his students zero in on what they consider value stocks, typically trading with a price-to-earnings growth ratio of less than one,” Williams writes. “Their targets tend to be little-known outfits in the energy or industrial fields, with market value below $1 billion, but they can pack a wallop in terms of stock performance.”

As an example of that performance, Williams cites appliance and furniture retailer Conn’s. Since earning a market outperform rating from students two years, the company’s stock has gained more than 600 percent.

“Schooling Wall Street in the Big Easy” appeared in the Oct. 7, 2013, print edition of Barron’s and is also available online at Barrons.com (subscription required).


Burkenroad mutual fund celebrates 10-year anniversary

Sunday, March 11th, 2012

The mutual fund based in part on the Freeman School’s Burkenroad Reports investment research program recently celebrated its 10-year anniversary with a pair of prestigious honors.

Peter Ricchiuti

Peter Ricchiuti says the performance of the Hancock Horizon Burkenroad Small Cap Fund has been phenomenal.

Morningstar awarded the Hancock Horizon Burkenroad Small Cap Fund a coveted five-star overall rating, and Lipper ranked the fund as the second-best performer out of 303 funds in the small-cap core category over the last 10 years.

“It’s just a phenomenal story,” says Peter Ricchiuti, professor of practice and director of research for Burkenroad Reports. “I had high hopes for the fund, but its performance has exceeded my expectations.”

Inspired by the “stocks under rocks” philosophy of Burkenroad Reports, Hancock Bank launched the Burkenroad Fund in December 2001 to target companies located in the South with market capitalizations of less than $2 billion, a category that often flies under the radar of Wall Street. Befitting its name, fund managers use Burkenroad Reports as a significant source of research and invest in many of the companies followed by the program’s student analysts.

From less than $1 million in assets at launch, the fund has grown to more than $90 million. Even more impressively, it’s generated a return of 10.59 percent since inception, almost double that of the benchmark Russell 2000 index.

“The fund has outperformed about 99 percent of all equity mutual funds in its lifetime, and if you break it down to one-year, three-year and five-year numbers, the fund beat the benchmarks in those years too,” Ricchiuti says. “That’s unusual because you’re usually going to have times where some sectors or investment styles do better than others. To beat the S&P 500 and Russell 2000 in every period over 10 years is kind of amazing.”

To date, nearly 600 graduates of the Burkenroad Reports program have gone on to careers in the investment field. Ricchiuti says the success of the mutual fund gives students seeking to follow in those footsteps another valuable talking point for job interviews.

“The students not only have Burkenroad Reports to show prospective employers, but now they have the fund to talk about as well,” Ricchiuti says. “To be able to say your recommendations are going into a $90 million five-star mutual fund is a pretty impressive thing.”

 

 



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