this article appears to have a close connection with its subject . it may require cleanup to comply with wikipedia s content policies particularly neutral point of view . please discuss further on the talk page . january 2014 learn how and when to remove this template message profit investment management llc . type limited liability company industry asset management financial services founded 1996 founder eugene profit headquarters bethesda md united states area served worldwide key people eugene profit president ceo & portfolio manager slogan our vision is your profit website profitfunds.com profit investment management llc is a sec registered investment advisory firm based in metropolitan washington dc with approximately 2 billion under management . 1 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 . 2 contents 1 history 2 investment style 3 profit in the media 4 references 5 external links history edit 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 eugene launched the profit fund the firm s flagship retail mutual fund . 3 under profit s management the profit fund rose 62 % from late 1997 to 1999 compared with 51 % for the s & p 500 . 4 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 . 5 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 % . 6 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 . 7 as of december 31 2009 the firm s asset under management reached approximately 1.7 billion . 8 investment style edit profit is often cited for its unique investment strategy which combines elements of value and growth investing . over the firm s 14 year history the strategy has evolved from a value strategy with a growth overlay to a valuation sensitive growth strategy 9 which selects growth stocks deemed as mispriced relative to their peers and their own price history . the expectation of the strategy is that a catalyst will eventually incite investors to re evaluate such stocks thereby causing prices of these equities to rise . 10 profit in the media edit profit investment management has appeared on several financial media sources . the firm s ceo and several of its employees have provided financial commentary on prominent financial news networks including business week 11 smartmoney black enterprise 12 pension & investments 13 investor s business daily 14 dow jones newswires 15 the wall street transcript 16 wall street week money line cnbc and cnn . 17 references edit black enterprise black enterprise magazine congratulates profit investment management for outstanding business acdhievement march 2009 ubr spotlight eugene profit s investment company lives up to his name . black enterprise . retrieved 2016 02 22 . was breaking up hard to do black enterprise . black enterprise . retrieved 2016 02 22 . from nfl defense to high profit offense mutual funds magazine june 1999 profit fund mutf pvalx quotes & news google finance . www.google.com . retrieved 2016 02 22 . profit value fund gains yardage african american money manager scores as no. 2 in its investment category black enterprise october 2 2000 black enterprise black enterprise magazine congratulates profit investment management for outstanding business achievement march 2009 profit investment management annual review pdf . surs state universities retirement system of illinois . 2010 02 19 . retrieved 2016 02 22 . investment philosophy & process . profitfunds.com . retrieved 2016 02 12 . 1 what these pros saw what they see . www.businessweek.com . retrieved 2016 02 22 . field of dreams black enterprise . black enterprise . retrieved 2016 02 22 . pension & investments profit finds mutual fund football similar games 6 12 2000 investor s business daily making money in mutual funds even before rally some value funds thrived leaders focus their portfolios some buy pricey stocks dow jones newswires tip sheet profit value fund scores by holding winners 4 6 2000 eugene profit profit investment management the wall street transcript . the wall street transcript . retrieved 2016 02 12 . eugene profit on cnnfn s talking stocks part 5 final . world news . retrieved 2016 02 22 . external links edit official website retrieved from https en.wikipedia.org w index.php title profit investment management & oldid 706349471 categories investment companies of the united stateshidden categories wikipedia articles with possible conflicts of interest from january 2014pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 22 february 2016 at 20 58 . text is available under the creative commons attribution sharealike 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