CALGARY, ALBERTA--(Marketwire - Feb. 13, 2013) - Hesperian Capital Management Ltd. ("Hesperian") and the Norrep Group of Funds is pleased to announce that the Norrep Income Growth Class MF Series (the "Fund") was presented the award for the best Canadian Equity Balanced Fund over a 3 year period at the Lipper Fund Awards gala on February 5, 2013. The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional risk-adjusted performance throughout the professional investment community.
"This win underscores Hesperian's relentless commitment to our clients. Our proven and repeatable value investment methodology continues to drive industry best investment performance," commented Craig Millar, Chief Investment Officer, Hesperian. "Our partner owned firm is proud to be recognized by Lipper".
"This Fund delivers an excellent combination of value and growth, with each investor receiving a $0.06/month tax efficient distribution (5.6% annual yield) while retaining upside participation in equity markets. This dual focus has provided our clients with an investment return above the meaningful yield" noted Alex Sasso, Chief Executive Officer, Hesperian. "Further, the portfolio managers' interests are aligned with Norrep Income Growth's investors."
With a seven year industry leading track record by the same management team, a commitment to remain small and nimble, to pay a meaningful distribution, and manage risk, Hesperian is confident that they have a truly unique product that complements many investors' traditional high-yielding investments while diversifying their portfolios.
The Lipper award is the most recent of a number of industry acknowledgements granted to Hesperian and the Norrep Group of Funds. The company is uniquely research driven, focusing significant resources on markets and businesses that exhibit inefficiencies that can be turned into opportunities.
Hesperian Capital Management Ltd. is a Canadian investment management firm with offices in Calgary and Toronto. Please visit www.hesperiancapital.com for more details about Hesperian and the Norrep Group of Funds.
Certain information set forth in this press release, including a discussion of future plans and operations, contains forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond management's control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, environmental risks industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. Actual results, performance or achievement could differ from those expressed in or implied by these forward-looking statements.