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Profit Investment Management
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Profit Investment Management : ウィキペディア英語版
Profit Investment Management

Profit Investment Management, LLC is a SEC registered investment advisory firm based in metropolitan Washington, DC with approximately $2 billion under management.〔(Black Enterprise "Black Enterprise Magazine Congratulates Profit Investment Management for Outstanding Business Achievement" March 2009 )〕 The firm offers a variety of investment management services and products for retail, institutional, and high-net-worth clients.
It was founded in 1996 by Eugene Profit, the current president, CEO, and portfolio manager of the firm. The firm is currently one of the largest African-American owned money-management companies in the United States.〔(Black Enterprise "Black Enterprise Magazine Congratulates Profit Investment Management for Outstanding Business Achievement " March 2009 )〕
==History==
Profit Investment Management was originally founded in 1996 by Eugene Profit as Investor Resources Group. The firm began with $300,000 of capital under management. After taking over the position of portfolio manager on November 1, 1997 and Eugene launched the Profit Fund, the firm’s flagship retail mutual fund.〔(Black Enterprise ".E. black fund watch: was breaking up hard to do?" August 1998 )〕 Under Profit’s management, the Profit Fund rose 62% from late 1997 to 1999, compared with 51% for the S&P 500.〔(NFL Defense to High-Profit Offense" Mutual Funds Magazine June 1999 )〕
On July 9, 1999, the Profit Fund was given a 5 star rating from Mutual Funds Magazine, and from then on has consistently provided rates of returns surpassing those of the S&P 500, Russell 1000, and Russell 2000.〔(Google Finance Profit Fund 8/6/10 )〕
On June 30, 2000, the Profit Fund was ranked Number 2 among 232 large-cap value funds with a three-year average annual return of 23.22%.〔("Profit Value Fund Gains Yardage: African American money manager scores as No. 2 in its investment category" Black Enterprise October 2, 2000 )〕
In June 2008, Profit Investment Management was named one of the nation’s largest black-owned businesses by Black Enterprise Magazine, ranking 14th in the Asset Manager category. The firm had $1.358 billion under management at the time.〔(Black Enterprise Magazine Congratulates Profit Investment Management for Outstanding Business Achievement )〕
As of December 31, 2009, the firm’s asset under management reached approximately $1.7 billion.〔(State of Universities Retirement System of Illinois "Profit Investment Management Annual Review" 2/19/10 )〕

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