The Killen Group, selected as the new manager of the Nedgroup Investments Global Cautious Fund

The Killen Group, a boutique investment management firm recognized for its deep value approach, today announced that it has been appointed to manage the Nedgroup Investments Global Cautious Fund. The Fund will be offered direct to South African and European clients via a UCITS vehicle registered in Dublin, Ireland. The Killen Group assumed investment management responsibility for the fund on March 2, 2015. The Nedgroup Investments Global Cautious Fund will be modelled on The Killen Group’s conservative allocation strategy, which is managed by Portfolio Managers George Cipolloni and Mark Saylor.

The Killen Group is the advisor to the Berwyn Family of Funds. The Killen Group is a valuation-based manager, buying undervalued and often out-of-favor stocks and bonds which, in their opinion, have sound fundamentals. They define value more in absolute than relative terms (i.e. relative to any particular benchmark), applying their valuation discipline to stock and bond selection, seeing shorter-term market dislocation more in terms of opportunity than threat.

“The Killen Group is delighted to have been selected to manage the Nedgroup Investments Global Cautious Fund,” said Robert E. Killen, Chairman and CEO of The Killen Group. This event represents an important milestone for our company as we expand our horizons beyond the United States. We are impressed with the high quality of the Nedgroup Investments team and anticipate a long and productive relationship.”

Why Nedgroup Investments appointed The Killen Group:

“We believe The Killen Group has many of the qualities and characteristics that we look for when selecting a manager for our Best of breed™ range,” said Simon Watts, Senior Investment Analyst at Nedgroup Investments. “The key attributes The Killen Group offered were stability, alignment of interests, consistency and strong long-term performance.”

About The Killen Group

The Killen Group was founded in 1982 in Berwyn, Pennsylvania, a small town outside the city of Philadelphia. The firm is independently owned, with five investment professionals and 12 employees in total. As of December 31, 2014, they manage approximately $3.3 billion across the Berwyn Family of Funds and separate accounts. www.thekillengroup.com

About Nedgroup Investments

Nedgroup Investments, a division of Nedbank Group Ltd, is one of South Africa’s leading investment management companies with offices in Cape Town, Isle of Man and London. www.nedgroupinvestments.com