FOR IMMEDIATE RELEASE
DOMO Capital Announces David Ribbens as new Partner
Germantown, WI - August 2, 2018
DOMO Capital Management is pleased to announce that David Ribbens has become Partner. Mr. Ribbens brings 35 years of experience to DOMO, where he will advise Founder and President Justin Dopierala on general business matters with particular emphasis on distribution, as the firm transitions into a growth mode.
Mr. Dopierala asserted, "I am delighted to have Dave join me as a partner. The caliber of professionalism and expertise he brings will enhance and build upon what we have done historically, which has always been focused on effectively managing clients' portfolios. We eagerly anticipate our 10-year anniversary later this year, and telling the story more broadly about how we have outperformed the market while mitigating downside risk. Dave is the right professional to help us continue this work."
Mr. Ribbens, 57 and a graduate of Lawrence University, retired from his position as President and Head of Distribution at a boutique investment management firm early in 2016. In 2017 he joined the Northwestern Mutual Series Fund Board as an Independent Director, and founded his consulting practice. He is active as an angel investor, and serves on the Advisory Board of CraftFund, the only Wisconsin-based crowd equity funding platform. Dave resides in Sturgeon Bay, WI.
Dave adds this thought: "While uncommon, there are a few men and women who have the right temperament and work ethic to be effective as active managers. Justin has proven himself in this regard, as the DOMO Concentrated All Cap Value earned 19% annually since inception through June 30, 2018, compared to 13.3% per year for the S&P 500 over the same period. However, what I find most compelling is how he achieved this record. Based on quarterly holding periods, Justin achieved an upside/downside capture that shows meaningful protection during difficult periods: The composite captured 111% of the benchmark's return in rising markets, but only 61% during periods when it fell. Highly diversified portfolios are often perceived as safer, but Justin's record demonstrates how a concentrated portfolio can be beneficial in both good and bad markets."
About DOMO Capital Management, LLC
DOMO Capital Management, LLC ("DOMO") is a Wisconsin-registered Investment Advisor, founded in 2007 by Justin Dopierala and headquartered in Germantown, Wisconsin. DOMO is the portfolio manager of the DOMO Concentrated All Cap Value composite - a composite of separately managed accounts utilizing the DOMO Concentrated All Cap Value strategy with an inception date of October 8, 2008. DOMO firmly believes that investing in a concentrated portfolio of securities through a bottom-up methodology, focused on undervalued and out of favor stocks with solid fundamentals, leads to a repeatable process to provide superior, risk-adjusted returns over the long-term.
Additional information about DOMO is disclosed in our Form ADV, which is available upon request. All information contained herein is for general informational purposes only and does not constitute a solicitation or an offer to provide investment advisory services in any jurisdiction. The investment strategy discussed herein may not be suitable for everyone. Investors need to review an investment strategy for their own particular situation before making any investment decision. We believe any information obtained from any third-party resources to be reliable, but we do not guarantee its accuracy, timeliness or completeness. Any opinions, estimates, projections, comments on financial market trends and other information contained herein constitute our judgment and are as of the date of the material, are subject to change without notice at any time in reaction to shifting market conditions and other factors and should not be construed as personalized investment advice. DOMO has no obligation to provide any updates or changes to such information. Past performance is not indicative of future results. It should not be assumed that investments made in the future will be profitable or will equal any performance represented herein. The benchmark index reflected herein, the S&P 500 Total Return Index, is a capitalization-weighted index of 500 stocks from a broad range of industries. The benchmark index is shown for comparative purposes only. Investors cannot invest directly in an index. Any references to specific securities is intended to illustrate our investment style, should not be viewed as representative of an entire portfolio, and does not constitute, and should not be construed as, a recommendation to buy or sell specific securities.