VALLEY FORGE, Penn., Jan. 31, 2005 (PRIMEZONE) -- The Quaker Funds is pleased to announce the addition of Mr. Christopher J. Pusak, CIMA(r), as a Managing Director and EVP of the company's sales and marketing initiative. Mr. Pusak joined the firm on January 19. Chris comes to us following an eleven year career at Rorer Asset Management, LLC, a Philadelphia-area portfolio management firm where, as a Principal, he led the sales effort that took the firm from $1 billion to $10 billion in assets under management through the broker-consultant channel.
"Chris comes to us with the highest recommendations. We are confident in his abilities to continue and expand upon our success," says Chairman, Jeff King.
Chris, along with Quaker's COO and CCO form the management committee that reports to Mr. King and Ms. Laurie Keyes, CFO.
"I feel that Quaker is the best kept secret in the advisor-sold mutual fund business. It is my job to change that" says Mr. Pusak. "We are looking to expand our sales force from a Philadelphia-based, two person effort to a national field force calling on advisors in the Broker, Bank and Independent channels."
Mr. Pusak began his career at Rorer in 1994 as Director of Marketing. He earned the designation of Certified Investment Management Analyst (CIMA) in 1999, and has passed the NASD Series 6, 7, 63 and 65 examinations. He earned a BS Business Administration from the Pennsylvania State University in 1983.
About The Quaker Funds
The Quaker Funds, based in Valley Forge, Penn., have been providing entrepreneurial, institutional advisors through mutual funds since 1996. As of September 30, 2004, the Quaker Funds were comprised of eleven mutual funds with assets under management of more than $680 million. The Quaker Funds offers a diverse group of funds covering the range of growth and value equity, fixed income and money market asset classes.
The Quaker Funds are distributed by Citco Mutual Fund Distributors, Inc., an NASD member. For more information regarding the Quaker Funds, including fees and expenses, contact the Fund at 1-800-220-8888 to request a current prospectus. Please read the prospectus carefully before investing or sending money.