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SAN FRANCISCO, December 4, 2007 - Forward Management, LLC today announced that they have hired portfolio manager, John Appleby, and analyst, Matt Feldmann, to manage two equity portfolios. These portfolios, the Forward Small-Cap Intrinsic Value Portfolio and the Forward Mid-Cap Intrinsic Value Portfolio seek to achieve competitive, risk-adjusted returns using an opportunistic, intrinsic value approach.
“In keeping with our strategy of offering shareholders new and innovative products, we are excited to offer investors additional separately managed account options,” said J. Alan Reid, Jr., president of Forward Management. “These portfolios complement our other small- and mid-cap investment options and they offer investors the opportunity to achieve competitive returns in all market environments.”
John Appleby, CFA, is the portfolio manager for the Forward Small-Cap and Forward Mid-Cap Intrinsic Value Portfolios. Appleby has more than 20 years of investment experience. Previously, he was a senior portfolio manager at Dean Investments. Prior to that he was a senior portfolio manager at City National Investment Advisors, as well as a senior portfolio manager at Palley-Needelman Asset Management where he was responsible for more than $1 billion in assets. Appleby holds a B.S. and M.B.A from the University of Southern California.
Matt Feldmann, CFA, is the senior analyst for the portfolios. Feldmann has more than six years of financial analyst experience, and previously worked for Dean Investments where he developed security recommendations for the firm’s small- and mid-cap portfolios. He holds a B.S. and M.B.A. from the University of Dayton.
Forward Management also offers other separately managed account options including REIT, Micro Cap and High Income Total Return portfolios that are managed by Forward Uniplan Advisors, Inc.
About Forward Management, LLC
Forward Management, LLC, based in San Francisco, is the investment advisor to the Forward Funds, a family of fourteen mutual funds. The firm also offers a range of separately managed accounts. Forward Management is an affiliate of ReFlow Management Co., LLC, which developed ReFlow, an innovative liquidity tool for portfolio managers that provides enhanced performance and tax efficiency. ReFlow is used by the Forward Funds, as well as other leading mutual fund managers.
Forward Management offers institutional money managers, financial advisors and individual investors access to industry leading investment managers, investment products and services. The firm specializes in identifying sub-advisors who have long track records of managing assets in specific investment disciplines and asset classes. More information on Forward Management and the Forward Funds can be found at www.forwardmgmt.com.
You should consider the investment objectives, risks, charges and expenses of the Forward Funds carefully before investing. A prospectus with this and other information may be obtained by calling (800) 999-6809 or by downloading one from www.forwardfunds.com. It should be read carefully before investing.
There are risks involved with investing, including loss of principal. Past performance does not guarantee future results.
John Appleby and Matt Feldmann have earned the right to use the Chartered Financial Analyst designation.
Forward Funds are distributed by ALPS Distributors, Inc.
FWD0001183 123108
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