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May 15, 2008:
RS Investments Adds Experienced Investment Talent to Value Group
March 4, 2008:
Institutional Investor Recognizes RS Fund Manager Manind Govil - Award Exemplifies Strength of RS Investment Team
February 20, 2008:
RS Investments Bolsters Institutional Sales Team
November 19, 2007:
RS Investments Continues To Add Experienced Professionals
July 31, 2007:
RS Investments Introduces The RS Equity Dividend Fund
June 8, 2007:
RS Investments Selected To Subadvise New Japanese Investment Trust
January 26, 2007:
RS Investments Honored with Customer Service Award for Third Consecutive Year
January 24, 2007:
RS Investments Expands Its Team of Investment Professionals
October 9, 2006:
RS Investments Announces Expanded Fund Complex;
Guardian Investor Services LLC is Distributor
Offers Core Equity, International, and Fixed Income Funds
August 16, 2006:
RS Investments Names New CFO and Adds Analysts to Investment Team
May 17, 2006:
Guardian to Acquire a Majority Stake in RS Investments
November 15, 2005:
RS Investments Launches New All-Cap, Concentrated Fund
September 30, 2005:
Management Succession At RS Investments
June 21, 2005:
Robert J. Harris Joins RS Investments As A Value Group Analyst
March 1, 2005:
RS Investments Expands Its Team of Investment Professionals
January 31, 2005:
RS Investments Promotes MacKenzie Davis to Co-Portfolio Manager of the RS Global Natural Resources Fund
January 20, 2004:
RS Investments Promotes Kelley and Wolf to Co-Portfolio Managers
August 18, 2003:
Joe Fague Joins RS Investments as Vice President of the RS Institutional Services Group
August 14, 2003:
RS Investments Announces Name Change of The Contrarian Fund™ to RS Contrarian Value Fund™
April 15, 2003:
Allison Thacker Promoted to Co-Portfolio Manager of the RS Internet Age Fund® and RS Technology Fund
March 7, 2003:
RS Aggressive Growth Fund Merges into RS Emerging Growth Fund
January 2, 2003:
Jay Sherwood, a principal at RS Investments, promoted to serve as Co-portfolio manager of the RS MidCap Opportunities Fund
June 10, 2002:
RS Investments has No Affiliation with Robertson Stephens
April 15, 2002:
Yasuo Sakuma Joins RS Asset Management Japan
February 27, 2002:
Wendell Laidley Joins RS Investments as Research Analyst and Co-Manager of the RS Internet Age™ and RS Technology Funds
January 28, 2002:
Aggressive Growth Investors Plan to Stay the Course in RS Investments Survey
September 27, 2001:
RS Investments Selected by Dominion Resources as Pension Plan Manager
August 1, 2001:
RS Investments Announced Name Change for RS MicroCap Growth Fund
July 12, 2001:
RS Investments Announces New Managers for RS Value + Growth Fund and RS Technology Fund
May 1, 2001:
RS Investment Management Simplifies Name to RS Investments, New Web Site Address
April 10, 2001:
Clay Smudsky Joins RS Investments as Vice President of the RS Institutional Services Group
April 3, 2001:
Bill Wolfenden Joins RS Investments as Manager of the RS MicroCap Growth Fund
April 2, 2001:
RS Investments Offers Transactions, Account Access, NAVs on Palm™ Handhelds
February 6, 2001:
RS Portfolio Managers now Providing Quarterly Fund Commentaries on Web Site Using Streaming Video
January 26, 2001:
RS Internet Age Fund® Co-manager Cathy Baker Resigns, Steve Bishop Appointed Co-manager of the Fund
December 7, 2000:
RS Investments Introduces New Account Setup Online
October 10, 2000:
RS Investments Manages U.S. Emerging Growth Fund for Japanese Retail Investors
October 2, 2000:
RS Investments Posts Weekly Research Commentaries on Web Site
January 31, 2000:
RS Investments Announced that Jim Callinan has been Named Manager of the Year by Morningstar
December 1, 1999:
RS Investments Introduces New Internet Fund
May 18, 1999:
RS Investments Announced Name Change for RS Growth & Income Fund
March 1, 1999:
Robertson Stephens Investment Management (RS) Announced that it has Completed the Previously Announced Purchase of the Firm from Bank of America
November 19, 1998:
BankAmerica Corporation (NYSE: BAC) Today Announced that it has Signed a Definitive Agreement to Sell Robertson Stephens Investment Management (RS) to a Group of Investors Led by the Senior Management of RS
June 9, 1998:
BankAmerica Corporation (NYSE: BAC) Today Announced that it has Decided to Sell Robertson Stephens Investment Management in Preparation for a Pending Merger with NationsBank
November 11, 1997:
Robertson Stephens Funds only Fund Group to Broadcast LIVE on the Web
October 1, 1997:
BankAmerica Finalizes Acquisition of Robertson Stephens, Renames Securities Broker/Dealer BancAmerica RobertsonStephens
RS Investments Adds Experienced Investment Talent to Value Group
San Francisco, May 15, 2008 - RS Investments, an investment management firm specializing in value, core, and growth investment strategies, announced today that Tim Bei has joined the firm’s Value Group as an equity research analyst.
“Tim’s background and long tenure as an equity analyst make him a valuable asset to both the Value Group and the four strategies we manage,” says MacKenzie Davis, co-portfolio manager in the Value Group. “Our investment process is predicated on highly experienced analysts working collaboratively, side-by-side with our portfolio managers, who also serve as analysts, to undertake exhaustive grass roots research.
Most recently, Mr. Bei was an equity analyst at T. Rowe Price where he covered companies in the industrial, aerospace, and defense sectors. He worked in the venture capital and investment banking industries prior to his five years at T. Rowe Price. A graduate of Santa Clara University, Mr. Bei has an MBA from the University of Virginia, and is a CFA charterholder.
Over the last year, RS Investments has added significant research depth to its value, core, and growth equity investment teams. The firm has selectively added depth to its boutique investment teams by seeking highly experienced and accomplished analysts. Today, RS Investments’ three investment boutiques have a total of 35 investment professionals, averaging 14 years of experience for each individual.
About RS Investments
RS Investments (RS) specializes in value, core, and growth investment strategies. The firm's distinctive, style-focused equity teams conduct rigorous fundamental research, adhere to disciplined investment processes, and pursue long-term investment excellence. The RS mutual fund family offers value, core, and growth equity strategies as well as sub-advised fixed-income and international capabilities. The firm manages mutual funds, underlying funds of variable annuities, and separate accounts for individuals and institutions. RS Investments was founded in 1986 and has offices in San Francisco and New York.
For media inquiries, please contact:
Pat Harden
Tel: (510) 635-4150
pharden@rsinvestments.com
RS Funds are sold by prospectus only. You should consider the investment objectives, risks, charges and expenses of RS Funds carefully before making an investment decision. A prospectus with this and other information may be obtained by contacting your financial professional or by calling (800)766-FUND (3863), or by visiting www.RSinvestments.com. Please read it carefully before investing or sending money.
Distributed by: Guardian Investor Services LLC, 7 Hanover Square, New York, NY 10004
Institutional Investor Recognizes RS Fund Manager Manind Govil
Award Exemplifies Strength of RS Investment Team
San Francisco, March 4, 2008 - RS Investments (RS), an investment management firm specializing in growth, value and core investment strategies, announced today that Manind (Mani) Govil, portfolio manager of RS Core Equity Fund and leader of the RS Core Equity team, was named one of the "20 Rising Stars" in the mutual fund industry. The award recognizes 20 mutual fund executives age 45 or under, identified by the editors of Institutional Investor News as being most likely to shape the investment management industry in years to come.
"We salute Mani for his accomplishments, and thank him for his leadership, passion and commitment to excellence," said Terry Otton, chief executive officer of RS Investments. "This achievement reflects the strong investment management culture developed over the last 25 years at RS, where we nurture strong leaders and teams and provide them the resources and latitude to excel."
Throughout his career, Govil has developed strong investment teams, relying on a disciplined process that leads to consistent returns. At RS, Govil has overseen a dramatic turnaround in the performance of RS Core Equity Fund since he took over management responsibilities in August of 2005 (see 'Performance Notes' at the end of the release for more details). Prior to joining RS, Govil was the lead manager for large-cap equities, co-head of equities and head of equity research at Mercantile Capital Advisors for more than 12 years, where he also compiled an enviable record of success.
"I humbly and gratefully accept this award, which belongs equally to every member of the Core Equity team, each of whose talents contributes to our success," Govil said. "With an average of 16 years of experience, the members of this 'dream team' have helped realize the vision for Core Equity strategies at RS."
A CFA Charterholder, Govil earned a BCom degree from the University of Bombay, India, and an M.B.A. from the University of Cincinnati.
Institutional Investor's Rising Stars awards showcased up-and-coming professionals from the mutual fund industry. Nominated by industry peers, candidates must be 45 years old or younger, show consistency in their career, demonstrate overall expertise and participate in the industry in general. The 20 Rising Stars will be honored along with nominees and winners of the 15th Annual Mutual Fund Industry Awards at a dinner and ceremony on March 6, in New York City.
About RS Investments
RS Investments (RS) specializes in growth, value, and core investment strategies. The firm's distinctive, style-focused equity teams conduct rigorous fundamental research, adhere to disciplined investment processes, and pursue long-term investment excellence. The RS mutual fund family offers growth, value, and core equity strategies as well as sub-advised fixed-income and international capabilities. The firm manages mutual funds, underlying funds of variable annuities, and separate accounts for individuals and institutions. RS Investments was founded in 1986 and has offices in San Francisco and New York.
Performance Notes:
Since Govil assumed management of RS Core Equity Fund, the Fund's performance and ratings from Morningstar have improved as follow:
RS Core Equity Fund has outperformed its benchmark, the S&P 500® Index1, by almost 50% during Govil's tenure (14.25% vs. 9.51% as of 12/31/07). The 1-, 5-, and 10-year returns for Class A shares as of 12/31/07 are 9.34%, 11.14%, and 2.96%, respectively.
Morningstar Rating™ (Class A Shares) As Of 12/31/07
Fund Name - Morningstar Category
(Inception Date) |
Overall |
3 Year |
5 Year |
10 Year |
RS Core Equity Fund - Large Blend Category
(6/1/72) |
| without sales charge |
out of 1,623 |
out of 1,623 |
out of 1,278 |
out of 594 |
| including the effect of sales charges, loads, and redemption fees |
out of 1,623 |
out of 1,623 |
out of 1,278 |
out of 594 |
Ratings are based on risk-adjusted returns and are historical and do not represent future results. The Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating™ metrics
Performance quoted represents past performance and does not guarantee future
results. The Fund is the successor to The Guardian Park Avenue Fund; performance
shown includes performance of the predecessor fund for periods prior to October
9, 2006. Investment return and principal value will fluctuate, so shares, when
redeemed, may be worth more or less than their original cost. Please keep in mind
that any high double-digit returns are highly unusual and cannot be sustained.
The Fund's total gross annual operating expense ratio as of the most current prospectus
is Class A 0.94 % Class A performance quoted "with maximum sales charge" reflects
the current maximum sales charge of 4.75%. Please read the prospectus carefully
for more information on sales charges as they do not apply in all cases and if
applied are reduced for larger purchases. Certain share classes are subject to
lower maximum sales charges whether paid at the time of purchase or deferred.
Any sales charges are in addition to the Fund's fees and expenses as detailed
in the Fund's most current prospectus. Fees and expenses are factored into the
net asset value of your shares and any performance numbers we release. Total return
figures reflect an expense limitation in effect during the periods shown; without
such limitation, the performance shown would have been lower. Performance results
assume the reinvestment of dividends and capital gains. The return figures shown
do not reflect the deduction of taxes that a shareholder may pay on Fund distributions
or the redemption of Fund shares. Current and month-end performance information,
which may be lower or higher than that cited, is available by contacting RS Investments
at 1-800-766-FUND and is frequently updated on our Web site: www.RSinvestments.com.
© 2008 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers is responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results.
Please note, some of the Morningstar proprietary calculations, including the Morningstar Rating™ are not customarily calculated based on adjusted historical returns. The evaluation of this investment does not affect the retail mutual fund data published by Morningstar. For each retail mutual fund with at least three-year history, Morningstar calculates a Morningstar Rating™ based on Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a retail mutual fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. This investment's independent Morningstar Rating metric is then compared against the retail mutual fund universe breakpoints to determine its hypothetical rating.
The information contained herein was obtained from sources we believe to be reliable and we have attempted to insure accuracy. Investors relying on information contained herein are encouraged to verify this information directly with the rating agency or through independent sources.
Market volatility can affect short-term performance. Favorable ratings do not necessarily indicate positive returns. Please visit www.RSinvestments.com/funds/navs.html for the most up to date performance information on the RS Funds.
For media inquiries, please contact:
Pat Harden
Tel: (510) 635-4150
pharden@rsinvestments.com
RS Funds are sold by prospectus only. You should carefully consider the investment objectives, risks, charges and expenses of the RS Funds before making an investment decision. The prospectus contains this and other important information. Please read it carefully before investing or sending money. To obtain a printed copy, please call 800-766-FUND.
RS is an independent subsidiary of Guardian Investor Services LLC. Guardian Investor Services LLC (GIS), is a registered broker-dealer, registered investment advisor, and a wholly owned subsidiary of the Guardian Life Insurance Company of America.
Distributed by: Guardian Investor Services LLC, 7 Hanover Square, New York, NY 10004.
RS Investments Bolsters Institutional Sales Team
Jared Buell Named Vice President of Institutional Sales and Service
San Francisco, February 20, 2008 - RS Investments (RS), a San Francisco-based investment management firm, announced today the addition of Jared Buell to the firm's Institutional Sales and Service team. Mr. Buell has joined the firm as Vice President of Institutional Sales and Service with responsibility for the 401(k) and sub-advisory channels.
"Jared has a strong background working with the 401(k) and sub-advisory channels and brings added depth and expertise to our existing efforts in these client segments," said David Elliott, head of Institutional Services at RS Investments.
Before joining RS Investments, Mr. Buell was Director of Sub-Advisory and Retirement Sales at Phoenix Investment Partners in Hartford, CT. Prior to that, he was an investment analyst covering the sub-advisory channel at MassMutual Retirement Services in Springfield, MA. He holds a bachelor's degree in mathematics from the College of the Holy Cross and is a CFA Charterholder.
About RS Investments
RS Investments (RS) specializes in growth, value, and core investment strategies. The firm's distinctive, style-focused equity teams conduct rigorous fundamental research, adhere to disciplined investment processes, and pursue long-term investment excellence. The RS mutual fund family offers growth, value, and core equity strategies as well as sub-advised fixed-income and international capabilities. The firm manages mutual funds, underlying funds of variable annuities, and separate accounts for individuals and institutions. RS Investments was founded in 1986 and has offices in San Francisco and New York.
For media inquiries, please contact:
Pat Harden
Tel: (510) 635-4150
pharden@rsinvestments.com
RS Funds are sold by prospectus only. You should consider the investment objectives, risks, charges and expenses of RS Funds carefully before making an investment decision. A prospectus with this and other information may be obtained by contacting your financial professional or by calling (800)766-FUND (3863), or by visiting www.RSinvestments.com. Please read it carefully before investing or sending money.
Distributed by: Guardian Investor Services LLC, 7 Hanover Square, New York, NY 10004
RS Investments Continues To Add Experienced Professionals
Research Analyst and Client Portfolio Manager Join RS Value Team
San Francisco, November 19, 2007 - RS Investments announced that two new professionals have joined its Value Team. Joseph Mainelli, an experienced equity research analyst, has joined the Value Team as an analyst, and Scott Hartman has been named the Value Team's client portfolio manager.
"We are continuing to add investment talent to an already strong team at RS," said Terry Otton, chief executive officer, noting that RS has added five new positions to the firm's staff of 33 investment professionals during 2007.
"Over the past year, we have recruited additional, highly experienced analysts to join the RS Value, Growth and Core Equity teams, further deepening our fundamental research expertise in each of our specialties," Otton said. "The additional positions we've recently added to the Value Team will further enhance that group's already deep investment and client communications capabilities."
Mr. Mainelli joined RS as an analyst after serving as an equity analyst focusing on small- and mid-cap value investments at David J. Greene & Company. Prior to that, he was an equity research analyst at the hedge funds of Sagamore Hill Capital and ING Furman Selz Asset Management. He holds a bachelor's degree from Princeton and an MBA from Columbia Business School.
Mr. Hartman, who has 13 years of financial services experience, previously was a Partner at Blum Capital Partners in San Francisco where he managed capital markets activities on behalf of the firm. He also held several senior management positions at other investment firms. Mr. Hartman holds a bachelor's degree from Stanford University and both a JD and an MBA from the University of California.
RS Investments (RS) specializes in growth, value, and core investment strategies. The firm's distinctive, style-focused equity teams conduct rigorous fundamental research, adhere to disciplined investment processes, and pursue long-term investment excellence. The RS mutual fund family offers growth, value, and core equity strategies as well as subadvised fixed-income and international capabilities. The firm manages mutual funds, underlying funds of variable annuities, and separate accounts for individuals and institutions. RS Investments was founded in 1986 and has offices in San Francisco and New York.
For media inquiries, please contact:
Pat Harden
Tel: (510) 635-4150
pharden@rsinvestments.com
RS Funds are sold by prospectus only. You should carefully consider the investment objectives, risks, charges and expenses of the RS Funds before making an investment decision. The prospectus contains this and other information. Please read it carefully before investing or sending money. To obtain a copy of the current prospectus, please call 800-766-FUND or visit us at www.RSinvestments.com. Please read it carefully before investing or sending money.
The value of a company’s stock may decline in response to factors affecting that particular company or stock markets generally. To the extent that the Fund invests its assets in a more limited number of issuers, a decline in the market value of a particular security may affect the Fund’s value more than if the Fund invested in a larger number of issuers. Foreign securities are subject to political, regulatory, economic, and exchange-rate risks not present in domestic investments. From time to time, the Fund’s investment style may be out of favor compared with funds having different investment styles.
You may be subject to the risk of changes in the tax laws, and to financial, state, and local taxes. Please consult your tax adviser.
Distributed by: Guardian Investor Services LLC, 7 Hanover Square, New York, NY 10004.
Not a deposit. Not FDIC or NCUA insured. May lose value. No bank or credit union guarantee.
GIS is a member: FINRA, SIPC.
RS Investments is the marketing name for RS Investment Management Co. LLC and its affiliates.
RS Investments Introduces The RS Equity Dividend Fund
Strategy seeks to deliver dividend income and long-term growth potential
San Francisco, July 31, 2007 - RS Investments today announced the launch of the RS Equity Dividend Fund, which invests in a diversified portfolio of dividend-paying stocks that RS Investments believes have the potential for above-average dividend yield, dividend growth and long-term capital appreciation.
"This new product leverages a recognized strength of the RS Core Equity team" said Terry Otton, chief executive officer of RS Investments. "We expect it to be a compelling option for those investors who are seeking both income and growth potential as they approach or begin retirement."
The Fund is managed by Raymond Anello, a portfolio manager with 19 years of investment management experience. Since November 2003, Mr. Anello has been the lead portfolio manager for an institutional account that follows the same strategy as the RS Equity Dividend Fund. Over the course of his career, Mr. Anello has served as an analyst focusing on key sectors of the economy, such as energy, utilities, telecom, basic materials, healthcare services, media, and transportation, building a proven track record of stock selection.
Relying on fundamental research, Mr. Anello and his team of nine experienced analysts on the RS Core Equity team assess stocks from a universe of roughly 2,000 dividend-paying stocks. The team looks for well-managed companies that have the potential to expand their dividend growth rate over the next two to five years. The overall portfolio will focus on a core of approximately 40 to 80 companies meeting the RS team’s investment criteria.
RS Investments (RS) is a family of experienced investment management teams united by a common focus on fundamental research, a disciplined investment process, and the pursuit of long-term investment excellence. RS offers growth, value, and core equity strategies as well as subadvised fixed-income and international capabilities. The firm manages mutual funds, underlying funds of variable annuities, and separate accounts for individuals and institutions. RS is an independent subsidiary of Guardian Investor Services LLC, and RS employees retain a substantial minority stake in the firm. The firm was founded in 1986 and has offices in San Francisco and New York.
For media inquiries, please contact:
Pat Harden
Tel: (510) 635-4150
pharden@rsinvestments.com
RS Funds are sold by prospectus only. You should carefully consider the investment objectives, risks, charges and expenses of the RS Funds before making an investment decision. The prospectus contains this and other information. Please read it carefully before investing or sending money. To obtain a copy of the current prospectus, please call 800-766-FUND or visit us at www.RSinvestments.com. Please read it carefully before investing or sending money.
The value of a company’s stock may decline in response to factors affecting that particular company or stock markets generally. To the extent that the Fund invests its assets in a more limited number of issuers, a decline in the market value of a particular security may affect the Fund’s value more than if the Fund invested in a larger number of issuers. Foreign securities are subject to political, regulatory, economic, and exchange-rate risks not present in domestic investments. From time to time, the Fund’s investment style may be out of favor compared with funds having different investment styles.
You may be subject to the risk of changes in the tax laws, and to financial, state, and local taxes. Please consult your tax adviser.
Distributed by: Guardian Investor Services LLC, 7 Hanover Square, New York, NY 10004.
Not a deposit. Not FDIC or NCUA insured. May lose value. No bank or credit union guarantee.
GIS is a member: FINRA, SIPC.
RS Investments is the marketing name for RS Investment Management Co. LLC and its affiliates.
RS Investments Selected To Subadvise New Japanese Investment Trust
Concentrated U.S. Emerging Growth Strategy Underpins "Shinsei Fund"
San Francisco, June 8, 2007 - RS Investments announced today it was selected to subadvise a new investment trust offered by the investment arm of Shinsei Bank, a leading Japanese financial institution with more than $90 billion in assets. The investment trust will be the first retail mutual fund in Japan to offer a concentrated portfolio of small U.S. growth companies. The fund will be distributed by Shinsei Bank as well as two brokerage houses: Rakuten Securities, a top online broker, and Naito Securities, a quality boutique broker.
The fund will be managed by the RS Growth Team, led by veteran portfolio manager, Jim Callinan. The RS Growth Team brings considerable experience in the small-cap growth arena, collectively logging over 50 years of industry experience in the space. The team will manage a portfolio of 20-30 small cap growth companies operating in new, emerging sub-sectors of the economy.
"Shinsei's choice of RS as subadvisor reflects great confidence in the RS team and our small-cap growth investment strategy," said Terry Otton, CEO of RS Investments. "Shinsei Bank has a significant presence in the Japanese marketplace, and we’re very pleased to partner with a firm of their stature."
The new fund, called the "American Dream Fund," will be introduced to Japanese investors in early June and commence operations on June 29, 2007.
RS Investments (RS) is a family of experienced investment management teams united by a common focus on fundamental research, a disciplined investment process, and the pursuit of long-term investment excellence. RS Investments offers growth, value, and core equity strategies as well as subadvised fixed income and international capabilities. The firm manages mutual funds and separate accounts for individuals and institutions. RS is an independent subsidiary of Guardian Investor Services LLC. The firm was founded in 1986 and has offices in San Francisco and New York.
Shinsei Investment Management, which is launching the new fund, is a wholly-owned subsidiary of Shinsei Bank. Shinsei Bank provides a full range of financial products and services to both institutional and retail clients and operates a network of 29 branches in Japan.
Bayview Asset Management, the former subsidiary of RS and now an independent Japanese asset management firm, provides support to RS Investments in managing the fund for Shinsei Investment Management.
For media inquiries, please contact:
Pat Harden
Tel: (510) 635-4150
pharden@rsinvestments.com
RS Funds are sold by prospectus only. You should consider the investment objectives, risks, charges and expenses of RS Funds carefully before making an investment decision. A prospectus with this and other information may be obtained by contacting your financial professional or by calling (800)766-FUND (3863), or by visiting www.RSinvestments.com. Please read it carefully before investing or sending money.
Distributed by: Guardian Investor Services LLC, 7 Hanover Square, New York, NY 10004.
RS Investments Honored with Customer Service Award for Third Consecutive Year
San Francisco, January 26, 2007 - DALBAR, a leading financial services market research and consulting firm, recently named RS Investments, a San Francisco-based investment management firm, a winner of its annual Customer Service Award for the third year in a row. The award, based on systematic testing of customer service over the year, is awarded to those able to deliver industry-leading service to their customers.
"The partnership with Guardian Investor Services this past year further enhanced our already strong customer service capabilities," said Terry Otton, CEO of RS Investments. "We are gratified to have received this recognition for a third time, for our unremitting focus on providing outstanding service to mutual fund investors."
DALBAR, Inc. evaluates firms' performance from the perspective of a consumer and financial intermediary. Criteria include level of professionalism, expertise of representatives, representatives' ability to manage and handle customers in a timely fashion and willingness to provide customers with information they need to make a decision, among others.
RS Investments (RS) is a family of experienced investment management teams united by a common focus on fundamental research, a disciplined investment process, and the pursuit of long-term investment excellence. RS Investments offers growth, value, and core equity strategies as well as subadvised fixed income and international capabilities. The firm manages mutual funds and separate accounts for individuals and institutions. RS is an independent subsidiary of Guardian Investor Services LLC, with RS employees retaining a substantial minority stake in the firm. The firm manages approximately $16 billion in mutual funds and institutional accounts. RS was founded in 1986 and has offices at 388 Market Street, San Francisco, CA 94111 and at 7 Hanover Square, New York, NY 10004. RS Investments is the marketing name for RS Investment Management Co. LLC and its affiliates.
About DALBAR, Inc.
DALBAR, Inc., the nation's leading financial services market research and consulting firm, is committed to raising the standards of excellence in the financial services industry. With offices in both the US and Canada, DALBAR develops standards for, and provides research, ratings, and rankings of intangible factors to the mutual fund, broker/dealer, life insurance, property and casualty, and managed account industries. They include investor behavior, customer satisfaction, service quality, communications, Internet services, and financial professional ratings.
RS Funds are sold by prospectus only. You should consider the investment objectives, risks, charges and expenses of RS Funds carefully before making an investment decision. A prospectus with this and other information may be obtained by contacting your financial professional or by calling (800)766-FUND (3863), or by visiting www.RSinvestments.com. Please read it carefully before investing or sending money.
Distributed by: Guardian Investor Services LLC, 7 Hanover Square, New York, NY 10004.
RS Investments Expands Its Team of Investment Professionals
San Francisco, January 24, 2007 - RS Investments (RS), a San Francisco-based investment management firm, announced today the addition of two professionals to the firm's investment team. Adam Weiner, an experienced research analyst and audit manager, has joined the team as an analyst in the RS Core Equity Group in the firm’s New York office; and Martin Engel, an experienced research analyst, has joined as an analyst in the RS Value Group in San Francisco.
"Outstanding investment research has long been one of the hallmarks of the RS investment process," said Terry Otton, Chief Executive Officer of RS Investments. "Both of these individuals are proven professionals whose expertise will enhance our fundamental research capabilities."
Weiner brings 11 years of investment experience to the RS Investment team. Prior to joining RS Investments, he worked for more than two years as a research analyst at Credit Suisse Asset Management. Prior to that he worked on the sellside as analyst for over eight years covering aerospace and defense at both Credit Suisse First Boston and Morgan Stanley. Weiner also has nearly four years experience as an audit manager at the Dun and Bradstreet Corporation. Weiner holds a Bachelor's degree in finance from George Washington University and a Master's of Business Administration degree from New York University.
Engel has over nine years in the investment field and has private equity and investment banking experience as well. He served two years as Vice President of TenX Capital Partners, and subsequently continued his career as a general analyst at Behrens Rubinoff Capital Partners LLC. Engel graduated from University of Virginia with a Bachelor's degree in commerce. He also holds a Master's of Business Administration from the Wharton School of Business.
About RS Investments
RS Investments (RS) is a family of experienced investment management teams united by a common focus on fundamental research, a disciplined investment process, and the pursuit of long-term investment excellence. RS Investments offers growth, value, and core equity strategies as well as subadvised fixed income and international capabilities. The firm manages mutual funds and separate accounts for individuals and institutions. RS is an independent subsidiary of Guardian Investor Services LLC, with RS employees retaining a substantial minority stake in the firm. The firm manages approximately $16 billion in mutual funds and institutional accounts. RS was founded in 1986 and has offices at 388 Market Street, San Francisco, CA 94111 and at 7 Hanover Square, New York, NY 10004. RS Investments is the marketing name for RS Investment Management Co. LLC and its affiliates.
RS Funds are sold by prospectus only. You should consider the investment objectives, risks, charges and expenses of RS Funds carefully before making an investment decision. A prospectus with this and other information may be obtained by contacting your financial professional or by calling (800)766-FUND (3863), or by visiting www.RSinvestments.com. Please read it carefully before investing or sending money.
Distributed by: Guardian Investor Services LLC, 7 Hanover Square, New York, NY 10004.
RS Investments Announces Expanded Fund Complex;
Guardian Investor Services LLC is Distributor
Offers Core Equity, International, and Fixed Income Funds
San Francisco, October 9, 2006 - RS Investments (RS), the San Francisco-based investment management firm, today announced the addition of the mutual funds sponsored by The Guardian Life Insurance Company of America (Guardian) to the RS Funds. The Guardian-sponsored funds will be marketed under the RS brand.
The reorganization of the funds marks the latest milestone in the transaction announced earlier this year, in which Guardian Investor Services LLC (GIS), a wholly owned subsidiary of Guardian, acquired a majority stake in RS. The integration of the fund groups is the final step in the transaction. In addition to serving as distributor for the RS Funds, GIS will act as the investment sub-advisor to the RS Funds’ asset allocation, equity index and fixed income funds.
RS, the investment advisor to the expanded fund complex of 23 funds, will operate as an independent subsidiary of GIS. There will be no changes to the funds’ portfolio management teams, with the exception of the merger of The Guardian UBS Small Cap Value Fund into RS Partners Fund later this month. The largest of the retail mutual funds being added to the RS line-up is RS Core Equity Fund, formerly The Guardian Park Avenue Fund. Its investment professionals, along with Guardian’s small-cap team, have joined the RS organization. The expanded fund family offers products that represent a broad range of capitalizations and investment styles, including core equity, international, and fixed income. The two international funds, RS International Growth Fund and RS Emerging Markets Fund, and RS Large Cap Value Fund, will continue to be managed by the same professionals.
"Our combined organization will continue to build on the foundation of rigorous and uncompromising focus on investment management developed by RS Investments over our 20-year history," said Terry Otton, Chief Executive Officer of RS. "Going forward, the RS organization and products will benefit from Guardian’s financial strength, operational efficiencies, broad distribution and shareholder servicing capabilities."
"We see this combination as offering tremendous appeal to our distribution channel, as financial advisors seek strong, new offerings for their clients," said Bruce Long, president of Guardian Investor Services. "We are excited to offer this expanded line-up with the same portfolio managers and teams at the helms of their funds. They’ll continue to execute the day-to-day investment decisions and oversee their portfolios."
"This marks the latest step in the growth and evolution of RS from a specialized boutique of well-respected investment managers to a comprehensive line-up of competitive funds and products managed by exceptional talent," Otton continued. "These professionals are among the best in the business, pursuing superior investment results over the long term. As a firm, we are aligned to serve investors with a passion for investment excellence, unparalleled service, and the highest standard of integrity."
About RS Investments
RS Investments (RS) is a firm of seasoned money managers, united by an uncompromising focus on fundamental research, disciplined investment processes and the pursuit of superior long-term investment results. RS will advise 23 funds and manage separate accounts for individuals and institutions. The firm manages approximately $15 billion in mutual funds and institutional accounts. RS, an independent subsidiary of Guardian Investor Services LLC, was founded in 1986 and has offices at 388 Market Street, San Francisco, CA 94111 and at 7 Hanover Square, New York, NY 10004. RS Investments is the marketing name for RS Investment Management Co. LLC and its affiliates.
About Guardian
Founded in 1860, The Guardian Life Insurance Company of America, New York, NY
(Guardian) is one of the largest mutual life insurance companies in the United States. As of December 31, 2005, Guardian and its subsidiaries had $36.9 billion in assets (on a consolidated statutory basis). With more than 5,000 employees and 3,000 financial representatives, as well as over 85 agencies nationwide, Guardian and its subsidiaries protect individuals, businesses, and their employees with life, disability, health, long-term care, and dental insurance products, and offer 401(k), financial products and trust services. More information about Guardian can be obtained at: www.GuardianLife.com.
About Guardian Investor Services LLC
Guardian Investor Services LLC (GIS) is a wholly owned subsidiary of Guardian.
GIS is the distributor of RS Funds and is located at 7 Hanover Square, New York, NY
10004. Phone (800) 766-FUND (3863).
RS Funds are sold by prospectus only. You should consider the investment objectives, risks, charges and expenses of RS Funds carefully before making an investment decision. A prospectus with this and other information may be obtained by contacting your financial professional or by calling (800)766-FUND (3863), or by visiting www.RSinvestments.com. Please read it carefully before investing or sending money.
RS Investments Names New CFO and Adds Analysts to Investment Team
San Francisco, August 16, 2006 - RS Investments, the San Francisco-based investment management firm, today announced new additions to its executive and investment management teams. James E. Klescewski, a seasoned executive with a strong background in investment management, has joined the firm as chief financial officer. He will oversee the financial reporting and accounting functions for the $11 billion asset management firm.
"Jim brings to the firm extensive experience and industry knowledge. We are very pleased to have him on board," said Terry Otton, chief executive officer of RS.
Klescewski has more than three decades of experience in the financial services industry, serving in prior positions as CFO at San Francisco-based firms investment management firms including Montgomery Asset Management. He is a Certified Public Accountant and holds an M.B.A., along with a B.S. in accounting from California State University at Hayward.
In addition, Ernest P. Schleimer and Andrew M. Henderson have joined RS as analysts on the firm's Value team. Schleimer has more than 14 years of experience in the financial service industry as an analyst. Previously, he has worked as an analyst at RCM Global Investors, RCM Financial Services Fund, and Franklin Resources. Schleimer holds a B.A. in economics and German area studies from Tufts University and a M.B.A. from the Stanford Graduate School of Business. He is also a Chartered Financial Analyst.
Henderson has more than five years experience as an analyst. Prior to joining RS Investments, he worked at Marin Capital Partners as a credit analyst and as an associate at Brown Simpson Asset Management. Henderson holds a B.A. in economics from the University of California at Berkeley and is currently a CFA level III candidate.
About RS Investments
RS Investments is a San Francisco-based boutique investment management firm focused on domestic small- and mid-cap equities. RS has value and growth investment groups that manage no-load mutual funds and separate accounts for individual and institutional clients. The firm manages approximately $11.1 billion in mutual funds and institutional accounts. RS was founded in 1986.
Guardian to Acquire a Majority Stake in RS Investments: Agreement Combines Strengths of Two Firms to Better Serve Customers, Investors
New York and San Francisco, May 17, 2006 - The Guardian Life Insurance Company of America (Guardian) and RS Investments (RS) today announced that the New York-based insurer will acquire a 65% interest in RS, a privately held San Francisco investment management firm specializing in growth and value mutual funds and institutional accounts.
The transaction is subject to approval by the board and shareholders of the RS mutual funds, as well as regulators. Once the transaction is approved, RS will operate as an independent subsidiary of Guardian, under the leadership of CEO Terry Otton and the existing management team. The firm will maintain its current operations and continue to serve all its investors and clients. There will be no changes to the RS portfolio management teams. The two companies also propose to integrate all Guardian-sponsored funds into the RS mutual fund family later this year, subject to the approval of the board of trustees of both fund families and the shareholders of the Guardian-sponsored funds. With Guardian's focus on core equity and fixed income products and RS's expertise in growth and value products, a combined mutual fund family will include a more diversified range of funds than either company currently offers. The combination will raise RS's assets under management to over $17 billion, from approximately $11.8 billion today.
"We are creating a mutually beneficial organization that offers growth opportunities for both firms, our policyholders, our investors, and our distributors," said Dennis Manning, Guardian CEO. "This combination will create greater opportunity for current and future investors. Fund shareholders will have access to an expanded product line with complementary investment strategies. What's more, we will continue to build on our tradition of combining professional advice and sound investment management to support our customers' pursuit of their financial goals."
"This transaction enables RS to maintain the continuity of our deeply embedded investment culture, rigorous investment processes, and experienced investment teams, while continuing to grow in a rapidly evolving industry," said Terry Otton. "RS's investment professionals and executives continue to retain substantial ownership in the firm. Additionally, this restructuring creates equity incentives for the next generation of RS professionals. Reflecting our rich legacy of two decades of success in investment management, RS will maintain a strong, performance-oriented investment culture, dedicated to delivering consistent, long-term results."
"Within the investment industry and among financial professionals, RS has an outstanding reputation," Manning said. "We will use Guardian's extensive distribution platform to expand the breadth and depth of RS's market penetration. The scope and scale of our distribution of RS mutual funds will bring more choices to more customers."
"RS remains committed to meeting the needs of our individual and institutional investors. As a result of this transaction, we can offer access to a broader product line and increased services," said Otton. "We recognize the added value financial intermediaries bring to many investors, and we anticipate that Guardian will be instrumental in building our presence with many of these organizations and their advisors."
De Guardiola Advisors, Inc. acted as a financial adviser to Guardian, and Grail Partners LLC acted as financial adviser to RS on this acquisition. The terms of this agreement will not be disclosed.
About Guardian
Founded in 1860,The Guardian Life Insurance Company of America, New York, NY (Guardian) is the fourth largest mutual life insurance company in the United States. As of December 31, 2005, Guardian and its subsidiaries had $40.7 billion in assets (on a GAAP basis).With more than 5,000 employees and 3,000 financial representatives, as well as over 85 agencies nationwide, Guardian and its subsidiaries protect individuals, businesses, and their employees with life, disability, health, long-term care, and dental insurance products, and offer 401(k), financial products and trust services. More information about Guardian can be obtained at: www.GuardianLife.com.
About RS Investments
RS Investments is a San Francisco-based boutique investment management firm focused on domestic small- and mid-cap equities. RS has value and growth investment groups that manage no-load mutual funds and separate accounts for individual and institutional clients.The firm manages approximately $11.8 billion in mutual funds and institutional accounts. RS was founded in 1986.
RS Investments Launches New All-Cap, Concentrated Fund
San Francisco, November 15, 2005 - RS Investments, the San Francisco-based investment management firm, today announces the launch of the RS INVESTORS FUND, a concentrated, all-cap, value fund and the newest addition to its' family of 10 no-load funds. The RS Investors Fund intends to hold 20-40 securities, invest in value-oriented equities across small-, mid-, and large-market capitalizations, and also have the ability to invest in debt securities. The Fund's objective is to increase shareholder capital over the long term.
"We are offering this Fund because our investment management team believes there is an excellent investment opportunity for a fund that is not constrained by style-box requirements or index-driven weightings," said Terry Otton, Chief Executive Officer of RS Investments. "The depth of research conducted by our managers and analysts serves as the foundation of our firm. It is a natural evolution to offer a more concentrated-type of product. This is truly a stock picker's fund that allows our Value Group to apply their investment process to the complete spectrum of companies in their value universe."
The Fund will be managed by senior portfolio manager, Andy Pilara, and co-portfolio managers, Joe Wolf and David Kelley. The team also manages the RS Partners Fund and RS Value Fund.
"The new Fund relies on the fundamental research that the Value team already conducts, as they search for good businesses to invest in," Otton said.
About RS Investments
RS Investments (RS) is a San Francisco based investment management firm focused on equity investments in small to mid-sized companies. The firm manages approximately $9 billion in mutual funds and institutional accounts. Founded in 1986 as a subsidiary of Robertson Stephens & Co., a private investment banking firm that served the equity financing needs of emerging growth companies, RS is today an independent, employeeowned company.
Management Succession At RS Investments
San Francisco, September 30, 2005 - RS Investments, the San Francisco-based investment management boutique, today announced that Terry Otton, who for the past year has served as co-Chief Executive Officer alongside of Randy Hecht, has been named sole CEO effective immediately. Randy Hecht, the founder of RS Investments, will remain as Chairman of the firm.
"This planned management succession provides excellent continuity for the firm," Hecht said. "Previously, Terry spent over 10 years as the CFO of Robertson, Stephens & Co. and Robertson Stephens Investment Management, the predecessor of RS Investments. Terry helped to establish RS Investments' mutual fund business in 1987, and served as its CFO until it became an independent, employee-owned firm in 1999. Terry's leadership, drive and energy, and his proven performance working alongside me as co-CEO for the past year, as well as his role in the early history of the firm, make him the logical choice to lead our organization."
Hecht, who was one of the original founders of RS when it began as part of Robertson Stephens, has led the company for 20 years. As Chairman, he will continue to provide strategic direction on product development and the firm's overall growth, while Otton provides day-to-day management leadership.
"RS Investments has a great legacy, a strong investment management culture, and a team of exceptionally talented people," Otton said. "I am honored to have the opportunity to build on the tradition of innovation and the outstanding investment strategies that Randy and our team have established over the last 20 years."
About RS Investments
RS Investments is a San Francisco-based investment management boutique focused on equity investments in small to mid-sized companies. The firm manages over $9 billion in mutual funds and institutional accounts. Founded in 1986 as a subsidiary of Robertson Stephens & Co., a private investment-banking firm serving the equity financing needs of emerging growth companies, RS is today an independent, employee-owned company.
Robert J. Harris Joins RS Investments As A Value Group Analyst
San Francisco, June 21, 2005 - RS Investments announces that Robert J. Harris has joined the firm as an analyst in the RS Value Group, which includes the RS Global Natural Resources Fund, the RS Partners Fund, and the RS Value Fund.
"The RS Value Group continues to expand and deepen our research capabilities," explained Andy Pilara, portfolio manager and head of the RS Value Group. "Robert’s in-depth knowledge of the financial sector is a major asset for our value team, in addition to his solid experience, distinct methodology, and sharp insight."
An experienced investment analyst prior to joining RS Investments, Robert was a financial services analyst at Dresdner RCM Global Investors, LLC for seven years. Prior to that, Robert was a marketing associate for Chevron Texaco Corporation. He holds a B.A. in Political Science from Sonoma State University and an M.B.A. from Golden Gate University.
About RS Investments
RS Investments (RS) is a San Francisco based investment management boutique focused on equity investments in small to mid-sized companies. The firm manages approximately $8.3 billion in mutual funds and institutional accounts. Founded in 1986 as a subsidiary of Robertson Stephens & Co., a private investment banking firm serving the equity financing needs of emerging growth companies, RS is today an independent, employee-owned company.
RS Investments Expands Its Team of Investment Professionals
San Francisco, March 1, 2005 - RS Investments, a San Francisco-based investment management firm specializing in small and mid-cap equities, announces the addition of two experienced professionals to the firm's investment team. Brenda A. Barber, an experienced analyst in small- cap equities, has joined the firm as an analyst in the company's growth group, and Jean Timken, a trader with more than 20 years of experience, has joined the firm's trading team.
"We are committed to steadily enhancing our investment capabilities through recruiting top-notch professionals," said Terry Otton, Co-CEO at RS Investments. "Both of these individuals have proven track records in their disciplines that will be an asset to RS Investments and our investors."
Prior to joining RS Investments, Brenda spent six years as an analyst at RCM Global Investors, where she focused on small-cap equities. She holds a Bachelor of Arts degree in psychology from the University of California at Santa Cruz and is currently a Chartered Financial Analyst (CFA) level II candidate.
Jean has accrued more than 20 years of experience in the investment field. Previously she was the head trader at West Highland Capital, Inc. for nine years, and a head trader at Pacific Equity Management for five years. She also held institutional sales trading positions at Brad Peery, Inc., and at Hambrecht & Quist. Jean graduated summa cum laude from San Diego State University with a degree in political science.
About RS Investments
Founded in 1986, RS Investments (RS) is a San Francisco based investment management boutique focused on equity investments in small to mid-sized companies. RS has value and growth investment groups that manage no-load mutual funds and separate accounts for individual and institutional clients. The firm manages approximately $8.6 billion in mutual funds and institutional accounts. RS is today an independent, employee-owned company.
RS Investments Promotes Mackenzie Davis to Co-Portfolio Manager of the RS Global Natural Resources Fund
San Francisco, January 31, 2005 - RS Investments announces the promotion of MacKenzie Davis to co-portfolio manager of the RS Global Natural Resources Fund, effective January 3, 2005. MacKenzie will co-manage the Fund alongside portfolio manager Andy Pilara. Prior to assuming this role, MacKenzie served as an analyst for the Fund.
"In addition to being passionate about his work, MacKenzie has demonstrated excellent investment judgment and strong analytical capability for our value team," said Andy Pilara, portfolio manager and president of the RS Value Group.
Prior to joining RS Investments in March 2004, MacKenzie spent four years as a high-yield analyst at Fidelity Management & Research Company. Previously, he was a vice president at Fidelity Capital Markets. He was also an analyst at Goldman, Sachs & Company. Mr. Davis holds an A.B. from Brown University in Mathematical Economics and Modern American History. He is also a Chartered Financial Analyst.
RS Investments manages approximately $8.6 billion in mutual funds and institutional accounts. The RS Global Natural Resources Fund invests principally in equity securities of companies in natural resources industries. The Fund may invest in securities of issuers located anywhere in the world and normally will invest in securities of companies located in at least three countries, which may include the United States.
About RS Investments
RS Investments (RS) is a San Francisco based investment management boutique focused on equity investments in small to mid-sized companies. The firm manages approximately $8.6 billion in mutual funds and institutional accounts. Founded in 1986 as a subsidiary of Robertson Stephens & Co., a private investment banking firm serving the equity financing needs of emerging growth companies, RS is today an independent, employee-owned company.
San Francisco, January 20, 2004 - RS Investments is pleased to announce that David Kelley and Joe Wolf, both analysts at RS, were promoted to serve as Co-portfolio managers of the RS Partners Fund and RS Value Fund effective January 1, 2004. There have been no operational or structural changes to these Funds. Andy Pilara’s status does not change. He continues as portfolio manager of both funds.
"The promotion to Co-portfolio manager acknowledges the contribution both Joe and Dave have made to the performance of the Partners and Contrarian Funds. They have exhibited superior analytical skills and investment judgment," Andy Pilara, portfolio manager of the RS Value Group, said.
Prior to joining RS Investments in 2002 as an analyst in the RS Value Group, David was a small-cap analyst at Pequot Capital Management for three years. Previously, he had served as an analyst for three years with Crestwood Capital, an ING affiliated hedge fund group, and spent three years at Goldman Sachs & Company in the mergers and acquisitions department. David earned a B.A. in history from Yale University and an M.B.A. from Harvard Business School.
Prior to joining RS Investments in 2001 as an analyst in the RS Value Group, Joe was the founder, director, and vice president of corporate development for zUniversity, an affinity marketing company focused on university students and alumni. Previously, he had worked as a senior financial analyst at Goldman Sachs & Company for four years in both the equities division and the strategic consulting group. Joe holds a B.A. in medicine and psychology from Vanderbilt University and an M.B.A. from Harvard Business School.
RS Investments was Founded in 1986 with growth and value investment styles focused on small- and mid-cap companies. RS manages $7.2 billion in assets for institutional and individual investors (as of December 31, 2003). RS is headquartered in San Francisco and has an office in Tokyo, Japan.
San Francisco, August 18, 2003 - RS Investments is pleased to announce that Joe Fague, formerly of Strong Capital Management, has joined RS as Vice President in the Institutional Services Group, responsible for the development of institutional investment relationships.
At Strong, Mr. Fague was responsible for implementing and marketing asset management services. Prior to joining Strong, Mr. Fague spent five years at Jurika & Voyles where he marketed investment advisory services to institutions and high net worth clients.
"Joe brings to the firm extensive experience, industry knowledge, and a proven record of success in developing client relationships," David Elliott, Principal and Director of the Institutional Services Group said.
Mr. Fague has over 11 years of sales and marketing experience in the financial services industry and is a Chartered Financial Analyst.
RS Investments was Founded in 1986 with an investment style focused on investing in small- and mid-cap companies. RS manages $5.4 billion in assets for institutional and individual investors. RS is headquartered in San Francisco and has an office in Tokyo, Japan.
For more information on the firm, visit its Web site at www.RSinvestments.com or contact RS Funds at (800) 766-FUND for a prospectus with information including management fees, expenses, and the special risks associated with investing in the RS Funds. Please read it carefully before investing.
PFPC Distributors, Inc., distributor.
San Francisco, August 14, 2003 - RS Investments announced that the name of The Contrarian Fund™ (RSCOX) has been changed to RS Contrarian Value Fund™ to better convey the focus of value companies in which the Fund invests.
RS Contrarian Value Fund™, managed by Andy Pilara, has approximately $160 million in assets. It is one of a family of 10 no-load mutual funds offered by RS Investments, a San Francisco-based investment boutique with an investment style focused on small and mid-cap companies. RS also manages retirement and separate accounts for a total of approximately $5.4 billion in assets under management.
For more complete information, including the management fees and expenses associated with an ongoing investment as well as the special risks involved with investing in the RS Funds, please obtain a prospectus by calling 1-800-766-FUND. Please read it carefully before you invest or send money.
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San Francisco, April 15, 2003 - RS Investments is pleased to announce that on April 11, 2003, Allison Thacker, an analyst at RS, was promoted to serve as co-portfolio manager of the RS Internet Age Fund® and RS Technology Fund, alongside portfolio managers Jim Callinan, Stephen Bishop, and Wendell Laidley. Mrs. Thacker has served as an analyst in the growth equities group covering Internet and consumer discretionary stocks since July 2000.
"Allison has been an analyst with us for three years covering Internet-related services stocks, and it is her diligence and strong analytical skills covering these stocks that will allow her to make a significant contribution to these funds," Jim Callinan, chief investment officer of the growth equities group, said.
Prior to joining RS, Mrs. Thacker worked as a research analyst at Putnam Investments. She also has served as a research analyst in the energy group at Merrill Lynch & Company. She holds a B.A. in economics from Rice University and an M.B.A. from Harvard Business School.
RS Investments manages approximately $4 billion in assets. The RS Internet Age Fund invests primarily in Internet-related companies. The RS Technology Fund invests primarily in the broader technology sector.
RS Investments, headquartered in San Francisco, was Founded in 1986 with growth and value investment styles focused on small and mid-cap companies. RS manages retirement and separate accounts for institutional investors as well as a family of no-load mutual funds. The firm also has offices in Tokyo.
For more complete information, including the management fees and expenses associated with an ongoing investment as well as the special risks involved with investing in the RS Funds, please obtain a prospectus by calling 1-800-766-FUND. Please read it carefully before you invest or send money.
PFPC Distributors, Inc., distributor
San Francisco, March 7, 2003 - RS Investments announced the merger of the RS Aggressive Growth Fund into the RS Emerging Growth Fund (RSEGX) effective March 7, 2003. Shareholders of the RS Aggressive Growth Fund approved this merger on March 3, 2003.
RS Investments (RS) manages approximately $4 billion in assets. The RS Emerging Growth Fund, which is managed by Jim Callinan, will remain closed to new investors. This Fund invests primarily in smaller, rapidly growing companies.
RS Investments, headquartered in San Francisco,was Founded in 1986 with growth and value investment styles focused on investing in small- and mid-cap companies. RS also manages retirement and separate accounts for institutional investors.
PFPC Distributors, Inc., distributor
San Francisco, January 2, 2003 - RS Investments is pleased to announce that on January 1, 2003, Jay Sherwood, a principal at RS, will be promoted to serve as co-portfolio manager of the RS MidCap Opportunities Fund alongside portfolio manager, John Wallace. Previously, Mr. Sherwood served as an analyst in the growth equities group.
"We are very excited about Jay's promotion to co-portfolio manager on the MidCap Opportunities Fund," John Wallace said. " He has been working closely with me on the Fund since 1998."
Prior to joining RS in 1995, Mr. Sherwood obtained his CPA at Deloitte & Touche. He is a Chartered Financial Analyst and graduated Magna Cum Laude from the University of California at Los Angeles.
RS Investments manages approximately $ 4.5 billion in assets. The RS MidCap Opportunities Fund, with $92 million in assets, invests primarily in mid-cap growth companies.
RS Investments, headquartered in San Francisco, was Founded in 1986 with growth and value investment styles focused on small and mid-cap companies. RS also manages retirement and separate accounts for institutional investors. The firm also has offices in Tokyo.
For more complete information, including the management fees and expenses associated with an ongoing investment as well as the special risks involved with investing in the RS Funds, please obtain a prospectus by calling 1-800-766-FUND. Please read it carefully before you invest or send money.
PFPC Distributors, Inc., distributor
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San Francisco, June 10, 2002 - RS Investments would like to remind its mutual fund shareholders, institutional clients, and the investment community that it is not affiliated with investment banking firm Robertson Stephens, Inc. or Robertson Stephens's parent company FleetBoston Financial Corporation.
In 1998, RS Investments, then the investment management group of Robertson Stephens, negotiated an employee buyout from parent company Bank of America. The deal, which closed February 1999, established RS Investment Management, now known as RS Investments. The firm is employee-owned and has no cross ownership with Robertson Stephens.
In the three years RS Investments has operated as an independent firm, total assets under management have grown from $2 billion to approximately $6 billion. The firm, which specializes in small-, mid-cap, and emerging growth investing, manages a family of 11 no-load mutual funds, including its flagship fund, the RS Emerging Growth Fund (RSEGX). RS Investments also manages retirement and separate accounts, and provides investment management services to Japanese investors through its Tokyo affiliate RS Asset Management. For more information on the firm, visit the RS Investments Web site at www.RSinvestments.com.
For more complete information, including the management fees and expenses associated with an ongoing investment as well as the special risks involved with investing in the RS Funds, please obtain a prospectus by calling 1-800-766-FUND. Please read it carefully before you invest or send money.
PFPC Distributors, Inc., distributor
San Francisco, April 15, 2002 - RS Investments is pleased to announce that Mr. Yasuo Sakuma, formerly of Dai-Ichi Kangyo Asset Management (DKA), has joined Tokyo-based RS Asset Management Japan as chief investment officer. Mr. Sakuma will lead the firm in its development of equity products focused on the stocks of Japanese companies.
Before joining RS Asset Management Japan, Mr. Sakuma spent 14 years with DKA managing U.S. and Japanese equity portfolios. Before his departure, he managed approximately $800 million in assets. Mr. Sakuma holds a B.A. in Business and Commerce from Keio University, Japan.
"We're very pleased to have Mr. Sakuma join RS," Randy Hecht, chief executive officer of RS Investments, said. "Since 1997, we have been providing Japanese investors with access to investment opportunities in the U.S. equity market through our Tokyo office. With the addition of Mr. Sakuma — one of Japan's leading portfolio managers — we can now expand our investment management services in Japan to include opportunities in the Japanese stock market.
RS Investments, based in San Francisco, was Founded in 1986 with an investment style focused on small-, mid-cap, and emerging growth investing. The firm manages over $6 billion for individual and institutional investors. RS Asset Management Japan, established by RS Investments in 1997, provides asset management services to investors in Japan. The firm has approximately $1 billion in assets under management. For more information on RS, visit its Web site at www.rsinvestments.com
or contact RS Funds at (800)766-FUND for a prospectus.
PFPC Distributors, Inc., distributor.
San Francisco, February 27, 2002 - RS Investments is pleased to announce that Wendell Laidley, formerly of Credit Suisse First Boston (CSFB), has joined the firm as principal and research analyst specializing in the software industry. Mr. Laidley has been recognized by Institutional Investor and other ranking organizations as one of the industry's leading enterprise software analysts. He will also serve as co-portfolio manager of the RS Internet Age™ (RIAFX) and RS Technology (RSIFX) funds with Jim Callinan and Steve Bishop.
"We're very pleased to have Wendell join our growth team," Jim Callinan, chief investment officer of RS Investments, said. "As one of the industry's top software analysts, he'll enhance our coverage of the emerging segments of the software and Internet services industries and make significant contributions to our emerging growth and technology funds."
Mr. Laidley spent four years at CSFB as a director and senior equity analyst in the firm's Technology Group based in California. As a software analyst, he followed many of the emerging areas of the software industry, including Internet, e-business infrastructure, enterprise and telecommunications software. Prior to Credit Suisse First Boston, Mr. Laidley held research analyst positions at Deutsche Bank Technology Group; Wessels, Arnold & Henderson; and Volpe, Welty & Company. Mr. Laidley holds a B.A. in economics from Hobart & William Smith College.
RS Investments manages approximately $5.5 billion in growth equity assets. The RS Internet Age Fund®, with $54 million in assets, invests primarily in Internet or Internet-related companies. RS Technology Fund, with about $93 million in assets, invests in the information technology sector.
RS Investments, headquartered in San Francisco, was Founded in 1986 with an investment style focused on small, mid-cap and emerging growth companies. RS also manages retirement and separate accounts for institutional investors for a total of $6 billion in assets under management. The firm also has offices in Tokyo.
For more complete information, including the management fees and expenses associated with an ongoing investment as well as the special risks involved with investing in the RS Funds, please obtain a prospectus by calling 1-800-766-FUND. Please read it carefully before you invest or send money.
PFPC Distributors, Inc., distributor.
San Francisco, January 28, 2002 - Most RS Investments shareholders (six in 10) said they plan to stay the course with their aggressive growth, small-cap, and tech-sector funds over the next six months, according to a recent survey sponsored by RS Investments. In addition, approximately one in 10 plan to increase their exposure, one in 10 expect to reduce their holdings, and about one in 10 said they were unsure.
Despite the technology bear market, more than nine in 10 shareholders said they still "believe in the long-term prospects of technology stocks." More than half said they strongly agreed with this statement, while only 5% somewhat disagreed.
RS shareholders who own aggressive growth mutual funds said they invest in them for high return (70%), long-term goals (63%), and diversification (50%). Younger shareholders are more likely to own aggressive growth funds and are more likely to invest in them for high return and long-term growth. Older investors are more likely to do so for diversification.
Nine in 10 shareholders agree that it "always makes sense to have small-cap exposure" in their portfolio and more than half strongly agree with this statement. Nine in 10 agree that "some of the fastest growing firms are found in small and emerging companies."
In selecting RS Investments (specializes in small, mid-cap, and emerging growth investing) as their mutual fund provider, RS shareholders said that investment objective and historical performance were the most important considerations (3.7 and 3.6 respectively based on a four-point scale).
In response to the survey, Randy Hecht, Chairman and CEO of RS Investments, said he was pleased to learn that despite the turmoil in the markets, aggressive growth investors remain committed to technology, emerging growth, and small-cap investing. "After one of the most difficult investment environments in a decade, investors remain committed to these asset classes and that most will maintain their investments to participate in what we believe will be a strong recovery in these areas."
The survey was based on 545 respondents nationwide during the period from October to December 2001. Nine in 10 shareholders surveyed owned aggressive growth funds.
RS Investments, headquartered in San Francisco, was Founded in 1986 with an investment style focused on small, mid-cap and emerging growth companies. The firm manages nearly $4.5 billion in 11 no-load mutual funds, including its flagship fund, the RS Emerging Growth Fund (RSEGX). RS also manages retirement and separate accounts for institutional investors for a total of approximately $7 billion in assets under management. The firm also has offices in Tokyo.
Past performance is not a guarantee of future results. Investment returns and principal value will fluctuate so shares, when redeemed, may be worth more or less than their original cost. Rating and performance information is subject to change. Please contact RS Investments at 1-800-766-FUND or visit www.RSinvestments.com for current and quarter-end information.
This information may only be used when preceded or accompanied by a prospectus. Refer to it for more information, including management fees and expenses associated with an ongoing investment as well as the special risks associated with investing in smaller companies; investing in the technology sector; investing internationally; investing in a more limited number of issuers or sectors; investing in high-yielding, lower-quality debt securities; short selling; and using options and futures. Please read it carefully before investing.
PFPC Distributors, Inc., distributor.
San Francisco, September 27, 2001 - RS Investments was recently selected by Dominion Resources to manage a $25 million small-cap growth portfolio for the company's pension plan. The plan has total assets of approximately $2 billion, with approximately 15,000 employees. Based in Richmond, Virginia, Dominion Resources is a leading provider of electricity, natural gas and related services to customers in the Mid-Atlantic region.
RS Investments, headquartered in San Francisco, was Founded in 1986 with an investment style focused on small and mid-cap companies. The firm manages nearly $6 billion for individual and institutional investors.
For more information on the firm, visit its Web site at www.RSinvestments.com or contact RS Funds at (800) 766- FUND for a prospectus with information including the management fees, and expenses associated with an ongoing investment, and the special risks associated with investing in the RS Funds. Please read it carefully before investing.
PFPC Distributors, Inc., distributor.
San Francisco, August 1, 2001 - RS Investments announced that the name of the RS MicroCap Growth Fund (RSMGX) has been changed to the RS Smaller Company Growth Fund. The new name was selected to convey the broad range of smaller companies in which the fund invests. The fund will continue to focus on the most attractive smaller companies with market capitalizations of up to $750 million.
The RS Smaller Company Growth Fund, managed by Bill Wolfenden, has nearly $100 million in assets. It is one of a family of 11 no-load mutual funds offered by RS Investments, a San Francisco-based investment boutique with an investment style focused on small and mid-cap companies. RS also manages retirement and separate accounts for a total of approximately $8 billion in assets under management. The firm also has offices in Avon, Connecticut and Tokyo.
Small company stocks may be subject to a higher degree of market risk than the securities of more established companies because they tend to be more volatile and less liquid.
For more information on the firm, visit its Web site at www.RSinvestments.com or contact RS Funds at (800) 766- FUND for a prospectus with information including the management fees, and expenses associated with an ongoing investment, and the special risks associated with investing in the RS Funds. Please read it carefully before investing.
PFPC Distributors, Inc., distributor.
San Francisco, July 12, 2001 - RS Investments announced today that it has named new portfolio managers from within RS Investments to manage the RS Value + Growth Fund and RS Technology Fund. The funds had previously been managed by Elijah Asset Management, LLC under a sub-advisory agreement which expired on July 10.
The RS Value + Growth Fund, with assets of approximately $350 million, will be managed by a team of investment professionals at RS Investments led by John L. Wallace, who is portfolio manager of the RS MidCap Opportunities Fund and co-portfolio manager of the RS Diversified Growth Fund. RS Technology Fund, with assets of approximately $125 million, will be managed by James L. Callinan and Stephen J. Bishop, the same team that currently manages the RS Internet Age Fund®. Randy Hecht, President and CEO of RS Investments, said, "We believe that we bring to shareholders of the funds an experienced group of investment professionals and exceptional investment expertise."
RS Investments was Founded in 1986 with an investment style focused on small and mid-cap companies. RS manages approximately $5 billion in 11 no-load mutual funds. RS also manages retirement and separate accounts for institutional investors for a total of approximately $8 billion in assets under management. The firm is headquartered in San Francisco and has offices in Avon, Connecticut and Tokyo.
For more information on the firm, visit its Web site at www.RSinvestments.com or contact RS Funds at (800) 766-FUND for a prospectus with information including management fees, expenses, and the special risks associated with investing in the RS Funds. Please read it carefully before investing.
PFPC Distributors, Inc., distributor.
San Francisco, May 1, 2001 - RS Investment Management announced that it is simplifying its name to RS Investments. The firm, formerly known as Robertson Stephens Investment Management, was Founded in 1986 with an investment style focused on small and mid-cap companies. RS manages approximately $5 billion in 11 no-load mutual funds, including its flagship fund, the RS Emerging Growth Fund (RSEGX). RS also manages retirement and separate accounts for institutional investors for a total of $8 billion in assets under management. The firm is headquartered in San Francisco and has offices in Avon, Connecticut and Tokyo.
New Web Site Address
In conjunction with the name change, RS has changed its Web site address from www.rsim.com to www.RSinvestments.com. The firm updated the site's design and improved its architecture for easier navigation. Its most popular features, including
video streaming portfolio manager commentaries, AccountLink Online (allows investors to open new accounts and trade RS funds), and Research in Motion (analysts commentaries) are easily accessible on the site.
For more information on RS funds, please call 1-800-766-FUND for a prospectus with information including the management fees and expenses associated with an ongoing investment, and the special risks associated with investing in the RS funds. Please read it carefully before investing.
PFPC Distributors, Inc., distributor.
San Francisco, April 10, 2001 - RS Investments is pleased to announce that Clay Smudsky, formerly of Salomon Brothers Asset Management, has joined RS as vice president in the Institutional Services Group, responsible for the development of new and existing variable annuity and 401k relationships.
At Salomon Brothers Asset Management, Mr. Smudsky served as Western Divisional Sales Manager and was responsible for implementing and marketing asset management services to the broker/dealer community. Prior to joining Salomon, Mr. Smudsky spent four years at John Nuveen & Company where he supervised the sales team in marketing mutual funds and separate accounts.
"Clay brings to us a wealth of experience, strategic insight, and a proven record of success in developing client relationships," David Elliott, Principal and Director of the Institutional Services Group said. "He will be integral to communicating our investment process and results with our expanding base of institutional clients."
RS Investments was Founded in 1986 with an investment style focused on investing in small and mid-cap companies. The firm manages approximately $7 billion for individual and institutional investors. RS is headquartered in San Francisco and has offices in Avon, Connecticut and Tokyo. For more information on the firm, visit its Web site at www.RSinvestments.com or contact RS Funds at (800) 766-FUND for a prospectus with information including management fees, expenses, and the special risks associated with investing in the RS Funds. Please read it carefully before investing.
PFPC Distributors, Inc., distributor.
SAN FRANCISCO, April 3, 2001 - RS Investments is pleased to announce that Bill Wolfenden, formerly of Dresdner RCM Global Investors, has joined the firm as portfolio manager of the RS MicroCap Growth Fund (RSMGX) effective April 3, 2001.
Prior to joining RS, Mr. Wolfenden spent seven years at Dresdner RCM, most recently on the microcap and small cap growth investment teams where he managed approximately $100 million in separate account assets.
"Investing in the stocks of very small companies requires rigorous, hands-on research," Jim Callinan, chief investment officer of RS's growth group, said. "Bill's style of management - his emphasis on fundamental research and bottom up stock selection — mirrors how we manage money in our growth team. His knowledge and experience of small growth companies will help us enhance our coverage of this universe."
Prior to Dresdner RCM, Mr. Wolfenden spent four years in commercial banking for Westamerica Bank and The Bank of California. He holds a B.A. in economics from Southern Methodist University and a M.B.A. from Vanderbilt University.
The RS MicroCap Growth Fund, with approximately $90 million in assets, invests primarily in companies with market caps of $750 million or less. The fund was managed by portfolio managers David Evans and Rainerio Reyes. Mr. Evans and Mr. Reyes will maintain their focus on the firm's separately managed accounts, which now total more than $400 million in assets. "Our small cap growth separate account business has grown rapidly in recent years," Randy Hecht, Chairman and CEO of RS Investments said. "Dave and Rai will continue to manage these assets, while Bill will take over the helm of the MicroCap Growth Fund and work with them on separate accounts."
RS Investments was Founded in 1986 with an investment style focused on investing in small and mid-cap companies. The firm manages approximately $7 billion for individual and institutional investors. RS is headquartered in San Francisco and
has offices in Avon, Connecticut and Tokyo. For more information on the firm, visit its Web site at www.RSinvestments.com or contact RS Funds at (800) 766-FUND for a prospectus with information including management fees, expenses, and the special risks associated with investing in the RS Funds. Please read it carefully before investing.
SAN FRANCISCO, April 2, 2001 - RS Investments, previously known as Robertson Stephens Investment Management, announced it is providing a new wireless service that allows shareholders to check NAV's, view accounts, transaction history, and place trades on a Palm™ VIIx handheld, the most advanced model of Palm Inc.'s line of personal digital assistants (PDAs). Shareholders can access the service by downloading the application from the firm's Web site at www.RSinvestments.com.
The wireless application offers the same services available on the RS Web site through AccountLink Online. RS and DST, (RS's transfer agent) chose the Palm handheld because it is the leading provider of handheld computers with 75% market share worldwide (International Data Corporation). In the future, RS may offer wireless applications for other PDAs, depending on their popularity.
"As investors of the New Economy, we are acutely aware of the power of the Internet to revolutionize the way we communicate and deliver services to investors," said Randy Hecht, Chairman and CEO of RS Investments. "In the '90s, the advent of the Web made it possible for investors to access their accounts anytime. Today, wireless technology allows them to manage their accounts anywhere. At RS our mission is simple: to invest in the emerging companies that we believe will provide investors with excellent long-term returns, and to harness new technologies to deliver the most technically advanced services to our shareholders."
RS also offers the following features on its Web site:
- Streaming video - Portfolio manager commentaries updated every quarter;
- Research In Motion - Weekly research commentaries based on the investment research conducted by RS investment staff;
- AccountLink Online - Offers investors the ability to open new accounts, buy, sell and exchange mutual fund shares on the Web.
RS Investments was Founded in 1986 with an investment style focused on investing in small and mid-cap companies. The firm manages approximately $8 billion for individual and institutional investors. RS is headquartered in San Francisco and has offices in Avon, Connecticut and Tokyo. For more information on the firm, visit its Web site at www.RSinvestments.com or contact RS Funds at (800) 766-FUND for a prospectus with information including management fees; expenses; and the special risks associated with investing in the RS Funds. Please read it carefully before investing.
SAN FRANCISCO, February 6, 2001 — RS Investments, previously known as Robertson Stephens Investment Management, announced that its portfolio managers are now providing quarterly fund commentaries on the firm's Web site (www.RSinvestments.com) using streaming video technology. Fund commentaries are available for all RS funds and will be updated at the end of each quarter. Previously, RS offered quarterly fund commentaries in print, through telephone recording, and using streaming audio on its Web site.
"Video allows us to communicate with investors on a more direct, personal level," Randy Hecht, Chairman and CEO of RS Investments, said. "Through video, investors can get to know their fund managers' personalities, sense the conviction they have for their investment strategies, recognize their enthusiasm, even appreciate their concerns. As investors of the New Economy, we wanted to bring some of its advances to our shareholders - many of whom are tech-savvy and use the Web to manage their investments".
Streaming video is fast becoming a valuable way to reach Web audiences. Its growth has tripled in 2000 alone, according to DFC Intelligence, a San Diego-based research firm focused on interactive and digital entertainment. Streaming video technology allows a video to start playing as it is downloading, making it quickly available for viewing. With more individuals installing faster Internet connections, RS expects video streaming to become a standard feature on most computers.
To view the RS videos, investors will need RealPlayer. Investors without Web access can listen to the commentaries on the phone by calling 1-800-766-FUND.
RS also offers the following features on its Web site:
- AccountLink Online - Offers investors the ability to open new accounts, buy, sell and exchange mutual fund shares on the Web;
- Research in Motion - Research commentaries based on the investment research conducted by RS investment staff;
- Monthly portfolio manager interviews;
- Teleconference transcripts for financial advisors;
- Transcripts of recent chat sessions;
RS Investments was Founded in 1986 with an investment style focused on investing in small and mid-cap companies. The firm manages approximately $9 billion for individual and institutional investors. RS is headquartered in San Francisco and has offices in Avon, Connecticut and Tokyo. For more information on the firm or to view a prospectus, which details the charges and expenses associated with an ongoing investment, call 1-800-766-FUND or visit the firm's Web site at www.RSinvestments.com. Please read the prospectus carefully before investing. PFPC Distributors Inc., distributor.
SAN FRANCISCO, January 26, 2001 — RS Investments (RS) reported today that Cathy Baker, Co-manager of the firm's Internet Age Fund®, has resigned from RS to pursue personal interests including travel and education, and to spend more time with her family. "I have enjoyed our professional relationship thoroughly, and wish Cathy the best in pursuing her personal interests," said Jim Callinan, Chief Investment Officer of RS's Growth Equity Group. Mr. Callinan will continue as lead manager of the fund.
Steve Bishop, a senior research analyst, will assist Mr. Callinan as co-portfolio manager of the RS Internet Age Fund®. Mr. Bishop worked with Mr. Callinan as an analyst since joining the firm in 1996. Since then, he has made important contributions as an analyst to the performance of the RS Emerging Growth Fund which has an overall Morningstar* rating of 5-stars out of 4,164 domestic equity funds for the period ending 12/31/00. He has followed hardware, networking, and semiconductor stocks for the RS Internet Age Fund® since its inception in December 1999. Steve has a total of nine years of investment experience having worked at Dean Witter and RCM prior to joining RS. He holds a BA in Economics from Notre Dame and an MBA from Harvard Business School.
Jim Callinan said, "We are delighted to have a very deep bench with a total of 15 investment professionals. Mr. Bishop will be an outstanding co-portfolio manager. I am proud that our organization has such strong candidates that can easily transition to portfolio management."
RS Investments was Founded in 1986 with an investment style focused on investing in small and mid-cap companies. The firm manages approximately $9 billion for individual and institutional investors. RS is headquartered in San Francisco and has offices in Avon, Connecticut and Tokyo. For more information on the firm or to request a prospectus on the RS Funds which details the charges and expenses associated with an ongoing investment, call 1-800-766-FUND or visit the firm's Web site at www.RSinvestments.com. Please read the prospectus carefully before investing.
SAN FRANCISCO, December 7, 2000 — RS Investments (RS), previously known as Robertson Stephens Investment Management, announced that it is offering investors the ability to open new accounts on its
Web site at www.RSinvestments.com. Investors may open an account in any RS fund by filling out an application online and electronically transferring money directly from their bank to a new RS fund
account. The investor will receive the fund's closing NAV on the day the account is opened provided it is established before 4:00 p.m. Eastern Time.
"As investors in the New Economy, we wanted to bring some of its conveniences directly to the individual," said Randy Hecht, Chairman and CEO of RS Investments. "We believe that RS funds attract some of the most Web-savvy investors in the
country and this new feature allows them to take |
