Cardinal Capital Chosen by CAI for Reserve Investment Management
RALEIGH, NC – Cardinal Capital Management was recently named a manager of reserve investments for the CAI (Capital Associated Industries, Inc.), a non-profit employers association that serves a large portion of North Carolina. Cardinal Capital was chosen after CAI’s Board of Directors review of its reserve investment practices.
“We are excited about working with CAI, an organization which has been instrumental in enhancing workplaces through a trusted relationship with its members for over 40 years,” said Glenn Andrews, President of Cardinal Capital Management. “We look forward to working with CAI and assisting them in meeting their financial goals.”
“Our team was impressed by Cardinal’s experience, track record and systematic approach to securities selection,” said Bruce Clarke, President and CEO of CAI. “Cardinal brought us the right combination of risk reduction and return maximization, with superior, clear communications to the client.”
CAI is a non-profit employers’ association with offices in Raleigh and Greensboro, and serves the greater Research Triangle, Piedmont Triad and 65 central and eastern counties of North Carolina. We help more than 1,000 member companies maximize employee engagement and minimize employer liability through human resources and management advice, training, news, survey data, public policy advocacy and consulting services.
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 capitalization core managers. Their non-US equity portfolio finished 2008 ranked in the top four percentile. The measurements for the full year ending December 31, 2008 are versus the PSN investment manager database, the nation’s largest separately managed account database.
Cardinal Capital Management is an independent, fee-based, SEC-registered investment advisor located in Raleigh, North Carolina. Our clients include successful professionals, business executives, small business owners, retirees, and other individuals who value our high level of experience, expertise, attention to detail and personal service. Our studied and individualized approach to value-based investing is designed to offer excellent returns in a changing market.
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