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Tuesday, August 05, 2003

Jensen Looks Past Retail

by: Sean Hanna, Editor in Chief

Jensen Investment Management is adding two institutional share classes to $1.5 billion The Jensen Portfolio. The new share classes are targeted to the institutional, retirement and high net worth markets, said Val Jensen, chairman of the Portland, Oregon-based firm.

The new classes consist of I-Shares (JENIX)for institutional investors with $1 million or more to invest, and R-Shares (JENRX) tailored to the revenue sharing needs of 401(k) and other retirement plan sponsors. Meanwhile, the original share class of The Jensen Portfolio will be re-named J-Shares, retaining the symbol JENSX.

Dave Mertens, director of Sales and Marketing, said the new share classes are being created in response to feedback received from clients, consultants and service providers in the institutional and retirement marketplace.

Mertens joined the firm in the final months of 2002 to spearhead the push into the institutional markets by Jensen. Before coming on board, he held similar responsibilities for Berger Funds in Denver.

"Currently, the J-Share class contains over $300 million in retirement plan assets," added Mertens. "In the near future, R-Shares are expected to become available through a growing list of 401(k) platforms, including the programs of several large insurance companies, banks and other 401(k) providers. Additionally, we anticipate that The Jensen Portfolio's new I-Shares may be quite appealing to the investment needs of high net worth individuals, endowments, foundations, pension plans and others."  

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