March 12, 2018

Adirondack Small Cap Fund Wins 2018 Lipper Award

Adirondack Research & Management Inc. is pleased to announce the Adirondack Small Cap Fund (ADKSX) has been recognized with a 2018 Thomson Reuters Lipper award for consistently strong, risk adjusted ten year performance relative to its peers within Small Cap Value. It ranked best out of 124 mutual fund share classes in its category. This is the third Lipper award that the Adirondack Small Cap Fund has received, having also been previously recognized for three and five year performance.

The Adirondack Small Cap Fund is a no-load mutual fund launched in April 2005, and managed by Adirondack Research and Management, Inc. since the Fund’s inception. Matt Reiner and Gregory Roeder, have been the only portfolio managers of the Fund and more recently, research director Tim Long joined the investment team.

Headquartered away from the noise of Wall Street in upstate New York, the Fund invests in smaller public companies that have fallen out of favor with mainstream investors. Adirondack believes that building a diversified portfolio of these opportunities is the best way to offer attractive risk adjusted returns over the long-term.

“We are honored to again be recognized by Lipper for the Adirondack Small Cap Fund’s ten year performance record, which is particularly gratifying given our long term focus and that this time period includes all market cycles – from the lows of March 2009 to the highs seen recently,” said Gregory Roeder.

“Since the Fund launched nearly 13 years ago, we have focused on identifying small-cap turnaround situations ahead of the crowd,” said Matt Reiner. “As long-term investors, we view this recognition as a validation of our strategy and reinforcement of our philosophy that investing takes conviction as well as patience.”