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  • Cardinal Capital Ranks in the Top One Percentile for the Entire Year of 2008

Cardinal Capital Ranks in the Top One Percentile for the Entire Year of 2008

RALEIGH, NC – Cardinal Capital Management’s U.S. taxable equity portfolio composite finished the calendar year 2008 ranked in the top one percentile of all U.S. equity large cap core managers. The measurement for the full year ending December 31, 2008 is versus the PSN investment manager database, the nation’s largest separately managed account database.

Cardinal Capital Management’s tax deferred U.S. equity portfolio composite performance for the full year 2008 ranked in the second percentile per the PSN database.

“In the face of sharply declining global markets, our two U.S. equity portfolio composites outperformed the S&P 500 index by more than 800 basis points or eight percentage points during calendar year 2008. Meanwhile our Non-U.S. equity portfolio composite beat the EAFE index by a similar amount,” said Glenn Andrews, President of Cardinal Capital Management.

“We believe that these performance results are reflective of our objective to exceed the benchmark equity index return net of fees at significantly reduced risk for our clients.”

Additionally, Cardinal Capital Management’s Non-U.S. equity portfolio composite performance for calendar year 2008 ranked in the top four percentile against all non-U.S. equity separate account managers that benchmark against Morgan Stanley’s Europe, Australasia and Far East Index (“EAFE”) in the PSN database.

Mr. Andrews explained that Cardinal Capital Management’s adherence to its disciplined valuation-oriented investment approach continues to produce portfolios made up of solid companies with lower volatilities. As a result, our portfolios tend to perform well in turbulent markets such as these.

Cardinal Capital Management's compliance with the GIPS ® standards has been verified for the period 4/1/1992 through 12/31/08 by Ashland Partners & Company LLP.

Founded in 1992, Cardinal Capital Management is an SEC registered investment advisor located in Raleigh, North Carolina.

"Please remember that different types of investments involve varying degrees of risk, and that past performance may not be indicative of future results. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies recommended or undertaken by Cardinal Capital Management) will be profitable. A copy of our current written disclosure statement discussing our advisory services and fees is available for your review upon request."