David Donnelly

Provides auditing, tax preparation and financial advice services

BIAM-UK is an active, long-term, value-oriented manager which utilizes internal and external research. The firm selects equity investments following a bottom-up stock selection process. Valuation is the key factor that determines whether/when they purchase a stock, continue to hold an existing investment or sell a holding. BIAM-UK generally focuses on mid-to-large cap securities. The firm's asset managers conduct company meetings with the senior members of the company. Their research process also includes external sources such as government and other agencies, external databases, publications, financial journals and external research analysts. This research analyses macroeconomic, industry and company-specific issues and provides both proprietary and consensus estimates and forecasts. BIAM-UK's fixed-income investing is based on a fundamental view of markets, underpinned by official economic data and external and in-house research. BIAM's approach to investment is conservative, specifically targeting high-quality liquid debt issues in the broad investment grade market. They believe that taking an active approach to investment decisions generates long-term, sustainable returns. They also consider technical factors, believing in the importance of local preferences, market imperfections, and investment flows.