A mutual fund run by Kirr Marbach & Co. in Columbus is the second-best-performing in its class, according to rankings
by The Wall Street Journal.
Among value funds that include companies of varying sizes, the performance of the Kirr Marbach Partners Value Fund ranks
No. 2 out of 357 similar funds nationally, through the end of July. A fund managed by Los Angeles-based Hotchkis and Wiley
Capital Management ranks No. 1 in the category.
The value of Kirr Marbach’s fund has risen 7.7 percent through the first seven months of the year and 26.7 percent
during the last 12 months.
By contrast, the DJ Wilshire 5000 Index has been unchanged since the beginning of the year and up 13.3 percent in the past
Kirr Marbach, which dates back to 1975, describes its investment philosophy as “buying straw hats in the winter.”
“We look for companies with solid business prospects, sound financial structures and strong shareholder-oriented management
teams whose stocks are selling for 50 cents on the intrinsic value dollar,” the company states on its Web site.