Mary Ann Doyle

TWC believes the long-term ownership of well-managed growth companies produces superior investment results. It is their belief that a diversified portfolio of growth companies, as well as high quality bonds when appropriate, will provide above average returns over the long term. They seek industry leaders with superior management teams, solid financials and unique competitive advantages. Their diversified growth equity investment strategy employs a disciplined, growth-oriented approach utilizing bottom-up fundamental analysis. Portfolios are comprised of high quality, mid- to large-cap companies with consistent, above-average earnings growth rates and reasonable valuations. TWC seeks companies that are well-managed, financially sound industry leaders with proven track records. They believe that a diversified portfolio of traditional, accelerating and emerging growth companies will provide above-average returns over a full market cycle. TWC's fixed-income strategy involves actively managing portfolios to produce conservative risk-adjusted returns. Their focus is to purchase high quality securities with an emphasis on intermediate maturities. All changes to a portfolio are made on a gradual basis and annual portfolio turnover is low. Separate approaches are developed for taxable and tax-exempt investors. The firm's balanced growth strategy involves a customized blend of their diversified growth equity strategy with their total return fixed-income strategy. These customized portfolios are designed to benefit from market advances while providing protection during market declines and corrections. In addition, the portfolio maintains a predictable flow of current income.

Equinox's uses both quantitative and fundamental methods for selecting stocks. A proprietary multi-factor model combines valuation and market sentiment measures to identify potential purchase candidates within their universe. Undervalued stocks are initially identified by comparing each stock's fundamental valuation relative to its history and its peer group. Measures of market sentiment are then employed to time their purchase closer to the stock's inflection point. The fundamental research process involves analyzing each company's financial statements as well as interviewing company management. Equinox's research team expands on this process by questioning other sources of information such as a company's suppliers, competitors, industry consultants and university professors. Equinox focuses on large-cap US equities in several sectors including, but not limited to, finance, energy minerals and manufacturing. They maintain a high turnover.

Daruma Capital Management offers investment management services using Small-Cap and SMid-Cap investment strategies. Each strategy invests in equities of U.S. or non-U.S. companies listed on U.S. exchanges. The Small-Cap strategy generally invests in companies with market-caps up to $2 billion at the time of purchase. Their SMid-Cap strategy includes companies with market-caps of $2 billion to $10 billion at purchase, as well as some of the larger and more liquid names they hold in their Small-Cap product which may have market caps below $2 billion. Daruma does not own or invest in REITs. The firm actively manages a concentrated portfolio of 25 to 35 stocks with strong potential to outperform. They invest in stocks when they can define what will drive the price higher. This typically includes better-than-expected sales, earnings or cash flow growth.

SCCM identifies investments they believe are undervalued in the marketplace by utilizing a combination of outside research and their own fundamental and technical analysis as performed by their in-house investment research staff. They use bottom-up approach for their general investment decision-making. The firm manages client accounts according to a variety of value-based strategies. Each strategy begins with the basic discipline of buying companies with low price to earnings (P/E) and/or price to book (P/B) value ratios. In addition, several of the strategies employ an additional discipline of above-average dividend yield and dividend growth potential. Each of the strategies is designed with a long-term outlook, typically three to five years.

MSIM’s investment strategies span the risk/return spectrum across geographies, investment styles and asset classes, including equity, fixed income, alternatives and private markets. When considering their clients’ unique investment profiles, the firm applies a holistic approach, with a goal of incorporating the different factors affecting investors’ investment decisions. The firm combines top-down country allocation with bottom-up stock selection and disciplined risk management.

Functions as a College/University