Las Cruces Firm Nationally Recognized

LAS CRUCES, NM — Spence Asset Management of Las Cruces has been nationally recognized as the nation's "Mid-Cap Manager of the Year" by Emerging Manager Monthly, a publication of Financial Investment News, in their April 2012 issue. Spence Asset Management was critically evaluated among other firms nationwide based on the review of a committee made up of financial industry experts.

"While most investment firms are located in and around major cities, Spence Asset Management shows there is something to be said for escaping the noise of the big cities," said the editors of Emerging Management Monthly. "The Las Cruces, NM-based firm enjoyed a successful 2011 that saw its mid-cap growth equity returns rank in the top five percent of its peers." Spence Asset Management's strategy returned 5.77% last year, compared to -1.55% by the Russell MidCap Index.

Portfolio Manager James Spence welcomed the national recognition. "Our firm strives to exceed our clients' expectations in an ever-changing market. We are dedicated to independently researching and evaluating investments while maintaining the strictest discipline and financial strategy. We believe this independence and steadfast approach have allowed us to deliver strong absolute and risk-adjusted returns," Spence said.

“Being named the top Midcap manager in 2011 is especially meaningful. For the last ten years we have beat our comparison benchmark, the Russell Midcap Index, which has nearly doubled the rate of return of the more widely followed S & P 500 Index,” Spence continued.

Las Cruces Firm Nationally Recognized