VALLEY FORGE, Pa., Oct. 5, 2004 (PRIMEZONE) -- The Quaker Investment Trust (QIT) and DG Capital Management, Inc., subadvisor of its flagship fund, the Quaker Aggressive Growth Fund, announced a name change for the Fund effective September 24, 2004. The Fund will, henceforth, be known by its new name, "The Quaker Strategic Growth Fund."
"In recent months, QIT and DG Capital have discussed changing the name for the Fund due to the fact that its investment strategy did not truly fit the "Aggressive Growth" moniker," says Manu Daftary, president of DG Capital and portfolio manager of Quaker Strategic Growth. "Please be assured that there will be no change in the Fund's investment process and that this decision was made simply to align the name of the Fund to correctly reflect its objective and overall investment strategies."
About The Quaker Funds
The Quaker Funds, based in Valley Forge, Pa., 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 $550 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.