Daedalus Capital,
L.L.C. is one the best money management firms in the world. We grow money robustly, regardless of general market conditions. That is a very rare and priceless skill. Daedalus has been ranked #1 by BarclayHedge for the three-year period ending September 30, 2009 with an annualized return of 30.06%. Daedalus was recognized by Money Manager Review for being the best money manager in the USA for the one-year period ending December 31, 2007. Pensions & Investments magazine's PIPER database ranked Daedalus the #1 overall equity manager in the nation two times. These top rankings were for the One-Year Period ending September 30, 2003 and the Five-Year Period ending September 30, 2000. Daedalus has been ranked on the Top 1% of overall equity managers in the nation many times. Our mutual fund, Chicken Little Growth Fund, was ranked the number one Large Cap Growth Fund in the United States out of 1,721 competing mutual funds for both the first full quarter and first year in business according to Morningstar Investment Research and Kiplinger's Magazine respectively. Chicken Little Growth Fund earned 64.1% for its shareholders in its 17 months.
We are thrilled by our ability to help so many clients. Delighted. This is our testimony. We aced our test. We have a lot of beautiful people who helped us to prepare. We thank some of them now, by telling our story using the Four Cardinal Principles of my Omega Psi Phi Fraternity, Inc. as our guide: Manhood, Scholarship, Perseverance and Uplift.
Manhood. The St. Louis Gateway Classic Sports Foundation enshrined Stephen M. Coleman into its Walk of Fame in 2007 for his pioneering success as the first African American to found a professional investment firm in the City of St. Louis. The late Earl Wilson was an Omega Man, the founder of the Walk of Fame, a fighter and a fierce defender of those who chose to excel on their own terms. In 2007, when Missouri Secretary of State Robin Carnahan falsely accused Stephen M. Coleman of misappropriating funds from his company, Chicken Little Fund Group, Inc., Earl stood firm in his defense: "This is wrong," he said. "I know them. And, I know about all the millions that you made for the schools. They hate you because you succeeded. Keep fighting." THANK YOU EARL WILSON FOR DEFENDING US, FOR FIGHTING FOR US, AND FOR CELEBRATING OUR MANY VICTORIES.
Scholarship. Daedalus was founded in St.
Louis, MO on July 1, 1994 by Stephen M. Coleman, our President and Chief
Investment Officer. Mr. Coleman has a MBA from Stanford, a BA from Amherst College and 31 years of experience. Our official track record began on October 1,
1994. Our performance was last audited on our ten-year anniversary for
the period ending on December 31, 2004. Daedalus uses The Money Value of
Time and the Coleman Method to create value. The methodology is best summarized by three short sentences: be focused; be patient; be right. Daedalus' very first clients were the St. Louis City Public School Retirement System that entrusted us with $8 million and the Union Electric Retirement Trust that entrusted us with $2 million. We discuss the St. Louis Public School Retirement System because their information is in the public domain. Jim Irwin, the late Chairman of the Board of the Public School Retirement System, was central to the decision of the Board to hire us. The Board vote to hire Daedalus was unanimous. Trustees who were especially supportive included Jackie Dyer, the late Paula Smith, Leon Frazier, the late Al O'Brien, Eddie Davis, Rev. Earl Nance and Bill Kuehling. They put us in business. After the vote, Chairman Irwin quipped: "That was fun." Daedalus grew that initial $8 million into $68 million by 2000, an 8.5:1 return in 5.5 years. That was a 47% annualized return and a $60 million total profit for the St. Louis City Public Retirement School System. THANK YOU JIM IRWIN AND THE BOARD OF THE PUBLIC SCHOOL RETIREMENT SYSTEM, FOR TRUSTING MR. COLEMAN'S CHARACTER, SKILL, EDUCATION, AND EXPERIENCE.
Perseverance. There were findings
of fraud brought by the office of Missouri Secretary of State, Robin Carnahan,
against Daedalus Capital, L.L.C., Chicken Little Fund Group, Inc., and Stephen M. Coleman. Robin Carnahan's office asked
the Administrative Hearing Commission of Missouri to revoke Daedalus et. al.'s
license to do business in the State of Missouri on March 5, 2008 based upon her
findings of fraud. We fought back. We engaged competent counsel, Larry Delano Coleman, Esq., and he defended our good name. On September 13, 2010, the Administrative Hearing
Commission rendered this decision that is now final since it was not appealed within 30 days: "The investment advisor registrations of Daedalus
Capital, LLC (Daedalus) and Chicken Little Fund Group, Inc. (CLFG), and the
investment advisor representative registration of Stephen M. Coleman, are not
subject to discipline." The Administrative Hearing Commission also stated: "The SEC investigated Coleman and CLFG, but found no
wrongdoing." Missouri Secretary of State Robin Carnahan's investigator, Jennifer Crum, said this under oath in her deposition: "We got it backwards!" Daedalus Capital, L.L.C., Chicken Little Fund Group, Inc., and Stephen M. Coleman were totally exonerated. There was no basis in fact or law for the findings of fraud by the office of Missouri Secretary of State Robin Carnahan. THANK YOU PRESIDING COMMISSIONER NIMROD CHAPEL FOR MAKING A DECISION THAT IS FAIR, SCHOLARLY, AND DEFENSIBLE.
Uplift. The late Omega Man Edgar Burnett, a brilliant educator and nationally honored school principal, asked Daedalus to manage some of the assets of the Omega Psi Phi Fraternity Life Membership Foundation in 2002. His fellow Board members agreed. His plea to the Board of the Foundation went like this: "Omega Brothers, I know about the millions that he made for the St. Louis teachers. He might do it for us; he might not. But, let's face it. They have been losing our money for years. Brother Coleman cannot do worse. Plus, he has paid his dues. He is a Life Member." Daedalus was hired in July of 2002, near the bottom of a bruising bear market, a time when we really needed a major new client. Daedalus grew Omega's assets by a factor of 6:1 through January of 2009, a 500% total return and a 31.55% annualized return in 6.5 years. THANK YOU EDGAR BURNETT AND THE OMEGA PSI PHI FRATERNITY LIFE MEMBERSHIP FOUNDATION BOARD: YOUR FRIENDSHIP IS ESSENTIAL TO OUR SOUL.
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