Poplar Forest Capital, an investment management firm specialising in large and mid-cap value equities, has been selected by Progress Investment Management Company to manage a USD121 million large cap account.
Progress is a manager of emerging investment managers.
“We are honoured to partner with Progress in serving their clients,” says Dale Harvey, former American Funds portfolio manager and founder of Poplar Forest Capital. “One of our guiding principles is to not let size impede our ability to deliver results. The people at Progress share this view. We’re excited about working together.”
Poplar Forest’s Value/Contrarian Strategy seeks to deliver superior, risk-adjusted returns over full market cycles by investing in underappreciated companies and industries.