We applaud Shannon for receiving the “Georgia Van Dyke Award” from the Schoharie County Chamber of Commerce! She was recognized for generously dedicating her time and talent to the chamber and community over many years. It is no surprise to her Fenimore teammates that Shannon’s strong personal character was also a factor that the judges considered.
Congratulations Shannon!
Fenimore Asset Management, an independent, Capital Region-based investment management firm and manager of the FAM Funds family of mutual funds, has hired Hunter Frayne as an Investment Research Associate for its expanding team.
Mr. Frayne conducts firsthand, in-depth, company research adhering to Fenimore’s distinctive, time-tested investment approach. He graduated with honors from the University of Connecticut with a double major in Economics and Philosophy. While attending UConn, Mr. Frayne interned at Pitch Gauge, IBM, Gutenberg Research, and The Hanover Insurance Group.
“We are very pleased to have Hunter on our team,” said Fenimore CEO John Fox. “His talent, character, and dedication to our investment process should benefit our investors for many years.”
Founded in 1974, Fenimore Asset Management is an independent, nationally recognized investment manager with more than $4.2 billion in assets under management (as of March 31, 2022) through its Cobleskill and Albany offices. Fenimore offers both individually managed portfolios and a family of mutual funds (FAM Funds) that can be used for retirement and other long-term investment planning. The firm’s team of professionals prides itself on investing in carefully selected quality businesses and providing its investors with highly personalized investment services.
Joe LeRoy, CFP®, has joined Fenimore Asset Management’s growing team as an Investor Relations professional. Fenimore is an independent, Capital Region-based investment management firm and manager of the FAM Funds family of mutual funds.
Mr. LeRoy works alongside investors sharing Fenimore’s distinctive and understandable investment approach and helping them achieve their long-term financial goals. Previously, he was Vice President of Workplace Solutions at Goldman Sachs Ayco Personal Financial Management leading business development for financial wellness services to Fortune 500 clients. Mr. LeRoy has more than 18 years of financial services experience, holds the CFP® (CERTIFIED FINANCIAL PLANNERTM) designation, and earned his bachelor’s degree in Economics and Government from Saint Lawrence University.
“Joe’s knowledge, experience, and commitment to service and building relationships will benefit our investors,” said Liza Baran, Director of Shareholder Services. “He is an excellent and valued addition to our team.”
Founded in 1974, Fenimore Asset Management is an independent, nationally recognized investment manager with more than $4.2 billion in assets under management (as of March 31, 2022) through its Cobleskill and Albany offices. Fenimore offers both individually managed portfolios and a family of mutual funds (FAM Funds) that can be used for retirement and other long-term investment planning. The firm’s team focuses on investing in carefully selected quality businesses and providing its investors with highly personalized investment services.
At Helios Care, employees and volunteers work towards “Making Life Easier for patients and families facing serious illness or end of life by providing choices, dignity and compassionate care.”
Earlier this month, Fenimore associates worked together in hopes of making life a little easier for the employees and volunteers who travel every day and provide care for Helios Care patients.
Our associates assembled and delivered 150 gift bags filled with portable phone chargers and gifts cards in hopes of making their travels a little easier. Thank you to everyone at Helios Care for your hard work and dedication to Helios Care and our community. We sincerely hope those tokens of appreciation helped to make a small difference in your day.
WOMEN IN FINANCE: Thank you to the Albany Business Review for highlighting Deb Pollard, Anne Putnam and Liza Baran from our leadership team as they share their lessons in leadership, what drew them to the finance industry and their advice for others who want to set off in a similar direction.
When asked about the most important leadership lesson she has learned, Fenimore’s President, Deb Pollard, replied:
“The most important leadership lesson that I have learned is that you can’t run a company on your own. You have to surround yourself with great people, give them room to try new things, and let them know that they are appreciated for not only the big accomplishments, but for the little things too. Always try to hire the absolute best talent you can find. It’s all about the people!”
Photo credit: Paige McCarthy Photography
Anne Putnam, Senior Vice President, reflected on why she works in finance and what drew her to this industry:
“Growing up in this family business set the stage for my career progression. From the dining room table on weekends to family trips, I saw firsthand my parents cultivate the investor when out of the office plus associates within. These experiences enhanced my childhood as they would include me. Once I matriculated to graduate school, the “aha” moment in Finance class set me on the path to eventually come home and assist our firm’s growth and succession.”
Liza Baran, Director, FAM Funds Shareholder Services, shares her advice for others who want to set off in a similar direction:
“It is important to always focus on the quality of your work, maintain a positive attitude, and take initiative. Building relationships and learning from senior members of the team will pay dividends over time. Keep a learning mindset and pursue education in your field whether that’s an advanced degree, an industry license, taking a class, or reading a book. As you advance, be the mentor you wish you had and pay it forward!”
Whether it is surrounding yourself with great people, continual learning, or building relationships along the way, our ‘Women in Finance’ leaders are happy to share their insights to encourage and support the leaders of tomorrow.
Photo credit: Paige McCarthy Photography
The Regional Food Bank of Northeastern New York distributed more than 51 million pounds of food and grocery products in 2021 — the equivalent of 42 million meals — across 23 counties! The need is great … and growing.
The Regional Food Bank is responding to the surge in demand for their services due to rising grocery and fuel costs, while also handling supply chain issues and rising operational costs. Their mission “is to alleviate hunger and prevent food waste.”
In mid-March, our associates helped Regional Food Bank partner agencies load their food orders. It was a very enjoyable and meaningful morning!
As we continue the 10-Year Anniversary of the FAM Small Cap Fund, Andrew Boord, Portfolio Manager, discusses the long-term outlook for the fund.
Marc Roberts, Portfolio Manager, FAM Value Fund, explains why visiting companies, meeting with management, and discovering what’s new are an integral component of our distinctive investment research process.
By John Fox, CFA®
CEO
After two years of limited travel, Fenimore’s investment research analysts are back in full swing meeting with management teams in person at their headquarters, conferences, and industry events. During the last month, we met with a couple dozen companies. While there are certainly challenges, executives are not pessimistic.
Insights from Our Travels
Fenimore’s firsthand, in-depth research helps us know our holdings well and this gives us confidence as we seek to protect and grow your capital over the long term. We hope our research insights from these face-to-face meetings give you assurance too.
Please call us at 800-721-5391 if we can assist you. Thank you for your ongoing trust.
The following table presents the year-to-date capital gains and income for each fund for 2021.
| type | Long-Term Capital Gains | Short-Term Capital Gains | Net Income |
|---|---|---|---|
| FAM Value Fund Investor Share Class |
$4.9129 | $0.0363 | $0.0215 |
| FAM Value Fund Institutional Share Class |
$4.9129 | $0.0363 | $0.1966 |
| FAM Dividend Focus Fund Investor Share Class |
$0.6951 | $0.0035 | $0.0000 |
| FAM Small Cap Fund Investor Share Class |
$1.6346 | $0.0000 | $0.0000 |
| FAM Small Cap Fund Institutional Share Class |
$1.6346 | $0.0000 | $0.0000 |
This is not tax advice. Please await your year-end tax documents for final amounts. Shareholders should contact their tax advisors to review the tax implications of capital gain and income distributions.
To view IRS Form 8937 Download PDF