CHICAGO, Sept. 25 /PRNewswire/ -- Harris Investment Management, Inc. (HIM)
today announced the promotion of Dan Sido to Co-Head of Equities, effective
immediately. Tom Johnson, who had been Head of Equities, will continue in the
role as Co-Head of Equities.
Sido has 24 years of investment management experience and prior to today's
announcement was Senior Partner and Head of Large Cap Equities for 5 years.
He joined HIM in 1994 and has been leading the portfolio management team
responsible for HIM's Large Cap Value and Large Cap Equity strategies since
2001. Both strategies have delivered top quartile results versus their peers
during this tenure.
Sido leads the team responsible for advising the Phoenix Insight Value
Equity Fund. The Fund currently holds a 5-star overall Morningstar rating.
In April, 2008 the Fund was recognized by Lipper as the best fund in the
Multi-Cap Value fund classification for the three-year period ending
December 31, 2007.
About Harris Investment Management, Inc.
Harris Investment Management, Inc. is a registered investment advisor with
the SEC and manages $6.9 billion in equity assets as of June 30, 2008. HIM is
a wholly owned subsidiary of Harris Bankcorp, which is a wholly owned
subsidiary of Harris Financial Corp., a wholly owned subsidiary of BMO
Financial Group. BMO Asset Management ('BMO AM') is the umbrella structure
for BMO Financial Group's institutional investment management companies: Jones
Heward Investment Counsel Inc., Harris Investment Management, Inc., HIM
Monegy, Inc. and Pyrford International Ltd. As a group, BMO AM has
$52.91 billion in assets under management as of July 31, 2008. Harris
Investment Management, Inc. became a wholly owned subsidiary of Harris
Bankcorp, Inc. effective January 1, 1990. Prior to January 1, 1990, the firm
was known as the Harris Investment Management Group, which operated as part of
Harris Trust and Savings Bank. Please refer to Form ADV, Part I for full
disclosure of our ownership and complete list of affiliates.
About Harris
Harris is an integrated financial service organization providing more than
1.2 million personal, business and corporate clients with banking, lending,
investing and wealth management solutions. The organization is a member of the
BMO Financial Group (NYSE, TSX: BMO), which also provides corporate and
investment banking services in the U.S. under the BMO Capital Markets name.
Morningstar Ratings(TM)
Overall Morningstar rating based on returns as of 6/30/08 for Class A
shares. Rating is out of 1,183 funds. Morningstar Ratings are based on risk
adjusted returns of funds with 3-year performance and accounts for variation
in a fund's monthly performance (including effects of sales charge, loads and
redemption fees), emphasizing downward variations and rewarding consistency.
The top 10% of funds in each Category receive 5 stars, the next 22.5% receive
4 stars, the middle 35% receive 3 stars, the next 22.5% receive 2 stars, and
the bottom 10% receive 1 star. The Overall Morningstar Rating is derived from
weighted average of its three-, five, and ten-year (if applicable) Rating.
Lipper Ranking
Lipper ranks the Fund based on total return. Each fund is ranked within a
universe of funds similar in portfolio characteristics and capitalization.
Ranking do not include the effect of a fund's sales load, if applicable. The
top rated period in an asset classification is awarded the Lipper Fund Award.
A Word About Risk
The analysis and views expressed in this news release reflect personal views
about the subject and not related to any specific recommendations. This is not
a solicitation of an order to buy or sell any securities. Past performance is
no guarantee of future results. Products or services offered by HIM, are Not
Insured by the FDIC or any Federal Government Agency, Not a Deposit of or
Guaranteed by Any Bank or Bank Affiliate, May Lose Value.
Harris(R) is a trade name used by various financial service subsidiaries
of Harris Financial Corp.
SOURCE Harris
