In The News
DJ CANADA TIP SHEET: Old-Fashioned Value Works For Decter June 06, 2006
TORONTO (Dow Jones)--Being an "old-fashioned" value investor seems to be working just fine for Michael Decter.
Decter is president and chief executive of Lawrence Decter Investment Counsel and lead manager of the C$18 million Redwood Diversified Equity fund. As of April 30, the fund has returned 26% since its inception in October 2004; its one-year rate of return is 39% compared with the 19% returned by the fund's benchmark index, a blend of the S&P/TSX Composite (80%) and the Scotia Bond index (20%).
By Andy Georgiades Of DOW JONES NEWSWIRES