Posted by: Aaron Pressman on March 8, 2006
I came in to work this morning to find the dreaded “mailbox over size limit” warning in my in-box. Actually, about 10 copies of the warning - IT department, you are not helping…anyway, spending some quality time reviewing email from a year ago, I came across a pitch for a new mutual fund that sounded quite like the three new funds I wrote up back in January.
It’s called the Jordan Opportunity Fund (symbol JORDX) and it’s your basic large and mid-cap growth fund. But the fund is managed by Hellman Jordan Management Company in Boston. In the 12 years before the fund opened, their returns running private accounts beat the S&P 500 by over 2 percentage points a year on average. Well, too bad I didn’t have the opportunity to highlight the no-load fund on a blog last year because manager Jerry Jordan has notched some impressive returns. The fund is up 7.3% year to date and 22.2% over the past year. That compares to the past year return for similar funds of 13.8% and 10.4% for the S&P 500. Nice.
Unlike the funds I mentioned in January, Jordan has no load and is available on a half dozen of the discount brokerage platforms. Still plenty of capacity as the fund has only $22 million in assets. And it again makes the point that investing with managers with great track records running new funds with small amounts of money can be an overlooked way to get ahead.