David Dreman Named GuruFocus 2005 Investment Guru of the Year

David Dreman, chairman and chief investment officer of Dreman Value Management, is named GuruFocus 2005 Investment Guru of the year. Mr. Dreman was nominated by the readers of website GuruFocus.com, which tracks the stock picks of investment gurus.

Best known as the pioneer of Contrarian value investing, David Dreman has achieved extraordinary returns in the investment arenas of large cap as well as small cap. His Large Cap Value Fund has returned 18.1% during the last 12 months, and averaged 9.3% annually over the past 5 years, and 13.9% annually over the past 10 years. His Small Cap Value Fund did even better. Over the last 12 months, it returned 24.4%. The annual average return of this fund in the past 5 years was 16.9%, and in the past 10 years was 16.5%. Both funds beat S&P 500 by wide margins.

“Mr. Dreman likes companies that have fallen beneath the scope of the market ‘experts,’ while still maintaining strong business growth and sound fundamental characteristics; he also likes blue chip companies with long track records of earnings growth that gradually falls out of favor with the market,” said Dr. Charlie Tian, Director of Research at GuruFocus.com. “This contrarian approach has helped him achieve extraordinary returns while maintaining low volatility for his portfolios.”

“It has been a tough decision for us to decide the 2005 Investment Guru of the year, as all of the 28 investment gurus we track on GuruFocus.com have great long term track records,” said Dr. Tian. “Our readers have voted for Mr. Dreman, as they have benefited from the books he has written, also from his stock picks we have published on Gurufocus.com.”

As of June 30, 2005, David Dreman has over $13 Billion in assets under management.

About GuruFocus.com
http://gurufocus.com is the website that tracks the stock picks of investment gurus such as Warren Buffett, George Soros, Bill Nygren, Mason Hawkins, Ken Fisher, David Dreman, Martin Whitman, James Gipson, Robert Rodriguez, Ronald Muhlenkamp, Wallace Weitz, William, Ruane, Edward Lampert, Edward Owens, Richard Aster, Jr, Robert Olstein, John Keeley, Brian Rogers and Tweedy, Browne.