Profit Investment Management, LLC is a SEC registered investment advisory firm based in Bethesda, MD. The Firm was founded in 1996 by

Eugene Profit Eugene A. Profit is an American investor, entrepreneur, philanthropist and former American football cornerback for the New England Patriots and Washington Redskins. He is the founder, president, CEO, and portfolio manager of Profit Investment M ...

, the current

president President most commonly refers to: *President (corporate title) * President (education), a leader of a college or university *President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese f ...

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especiall ...

, and

portfolio manager A portfolio manager (PM) is a professional responsible for making investment decisions and carrying out investment activities on behalf of vested individuals or institutions. Clients invest their money into the PM's investment policy for future gr ...

of the firm. Profit Investment Management manages large-cap, small-cap and ESG equity portfolios.

History

Profit Investment Management was founded in 1996 by

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. Under Profit's management, the Profit Fund rose 62% from late 1997 to 1999, compared with 51% for the S&P 500. 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 The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the stock performance of 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices. As of ...

Russell 1000 The Russell 1000 Index is a stock market index that tracks the highest-ranking 1,000 stocks in the Russell 3000 Index, which represent about 93% of the total market capitalization of that index. , the stocks of the Russell 1000 Index had a weigh ...

, and

Russell 2000 The Russell 2000 Index is a small-cap stock market index that makes up the smallest 2,000 stocks in the Russell 3000 Index. It was started by the Frank Russell Company in 1984. The index is maintained by FTSE Russell, a subsidiary of the Lon ...

. 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%. In June 2008, Profit Investment Management was named one of the nation's largest black-owned businesses by

Black Enterprise ''Black Enterprise'' is a black-owned multimedia company. Since the 1970s, its flagship product ''Black Enterprise'' magazine has covered African-American businesses with a readership of 3.7 million. The company was founded in 1970 by Earl ...

Magazine, ranking 14th in the

Asset Manager Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

category. The firm had $1.358 billion under management at the time. As of December 31, 2009, the firm's asset under management reached approximately $1.7 billion.

Investment Style

Profit is often cited for its unique investment strategy which combines elements of value and

growth investing Growth investing is a style of investment strategy focused on capital appreciation. Those who follow this style, known as ''growth investors'', invest in companies that exhibit signs of above-average growth, even if the share price appears expens ...

. 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," 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.

Profit in the Media

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 ''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City ...

SmartMoney ''SmartMoney'' was ''The Wall Street Journal''s magazine of personal business. The finance magazine launched in 1992 by Hearst Corporation and Dow Jones & Company. Its first editor was Norman Pearlstine. In 2010, Hearst sold its stake to Dow ...

, Pension & Investments,

Investor's Business Daily ''Investor's Business Daily'' (''IBD'') is an American newspaper and website covering the stock market, international business, finance and economics. Founded in 1984 by William O'Neil as a print news publication, it is owned by News Corp and i ...

Dow Jones Newswires Dow Jones & Company, Inc. is an American publishing firm owned by News Corp and led by CEO Almar Latour. The company publishes ''The Wall Street Journal'', '' Barron's'', ''MarketWatch'', ''Mansion Global'', '' Financial News'' and ''Private E ...

The Wall Street Transcript ''The Wall Street Transcript'' is a paid subscription publication and Web site that publishes bi-weekly industry reports that feature equity analyst, money manager and CEO interviews. Reports typically cover two to three industries and express ...

Wall Street Week ''Bloomberg Wall Street Week'' (''WSW''), is an investment news and information TV program airing Friday nights on the Bloomberg Television. The original weekly show hosted by Louis Rukeyser aired each Friday evening on PBS in the United States ...

, Money Line,

CNBC CNBC (formerly Consumer News and Business Channel) is an American basic cable business news channel. It provides business news programming on weekdays from 5:00 a.m. to 7:00 p.m., Eastern Time, while broadcasting talk sh ...

, and CNN.

References

External links

*{{Official website, http://www.profitfunds.com Financial services companies established in 1996 Investment companies of the United States