Dick Gould

Acts as Open-End Investment Fund/Unit Trust

PNC-IM provides access to ETFs and mutual funds, separately managed accounts and advanced investment solutions, as well as individual debt and equity securities.

GCM specializes in the management of small-cap growth equities. The firm believes that a portfolio of companies growing faster than the market and bought at attractive prices will outperform the market over time. Their portfolios are built through a bottom-up research process, focused on fundamental analysis to uncover companies that are likely to exceed Wall Street's earnings estimates. Their team of analysts initially identifies those small-cap companies that fit their GARP criteria: exceptional earnings growth exceeding and a forward p/e ratio at or below the market. They then develop an internal earnings model and target price for each potential purchase candidate. GCM's analysts spend time with company management in order to better understand the contribution of various business units and products to the company's performance. They interview customers, competitors and suppliers to confirm their investment thesis. They also examine liquidity and do not pursue companies where their proposed position is greater than 10 days trading volume. The firm's purchase decision is then driven by their fundamental analysis, culminating in positive disparity between their internal earnings estimates and Street estimates. A key portion of this analysis entails contacting clients, suppliers, and competitors of the company, a process described further below. Portfolios are built through a bottom-up investment process. Analysts present ideas to the investment team after having conducted their fundamental analysis. A majority of the analysts must consent to the purchase of a new position. When a purchase is made, a target price is set and the stock is bought across all portfolios in the same percentage. All of their client's portfolios hold similar assets at any given time, allowing for differences in purchase and sale timing. GCM utilizes a rotation when buying or selling stocks to ensure that all clients receive similar execution over time.

Gould Investment Partners specializes in small and s-mid cap pure growth investing. Their strategy is to buy companies with high relative strength that are exhibiting new price highs. The firm is particularly interested in those companies that are rapidly gaining market share due to a sustainable and proprietary edge over the competition. This advantage could be the result of better products, new marketing muscle, superior distribution, incentives to management or a combination of these. The firm employs fundamental and technical analyses. Their benchmarks are the Russell 2000 Growth Index and the Russell 2500 Growth Index. Gould employs a strict sell discipline. Though not limited by sector, they tend to invest in energy minerals, manufacturing, industrial services and health technology. The firm maintains a high turnover rate.

Functions as a College/University

Spitfire Investment Partners manages the Spitfire Investment Fund, a global, long-short growth equity hedge fund.

Turner Investments manages a variety of investment strategies focused on growth, including US domestic, global, international and long/short research-driven equity strategies. The firm also manages and administers the Turner Funds, a family of US mutual funds, and the Turner Funds plc, a family of two UCITS funds administered in Dublin, Ireland. Turner Investments' investment philosophy focuses on the long-term and seeks to achieve consistently superior investment returns. The firm employs a disciplined, systematic investment processes for each of their investment strategies and actively manages client portfolios to balance risk and return. Their investment processes are primarily based on in-depth, bottom-up fundamental research analysis, complemented by quantitative and technical analysis.