Elizabeth B. Dater

Manages mutual funds

CSAM aims to drive long-term performance and positive impact beyond returns.

AGAM utilizes growth, core and specialty strategies. Their growth strategy is committed to long-term growth. They identify fundamentally strong and dynamic growth companies trading at a discount to their growth rates. The firm finds profitable investment opportunities and long-term returns by combining comprehensive, fundamental research, growth themes, risk controls and fundamental stock-picking. Portfolio construction consists of careful qualitative and quantitative analysis overseen by each strategy's lead portfolio manager. AGAM's core strategy asserts that small- and mid-cap markets are inefficient. They exploit this inefficiency with intense fundamental research and bottom-up stock-picking. The firm employs a relative value approach aimed to identify companies at the low end of their valuation range when compared to similar companies and the market overall. AGAM's objective is to achieve excess return of 3-5% over market cycles with less risk than the benchmark. They seek to deliver competitive returns in strong markets due to the undervalued earnings power of portfolio companies and superior performance in weak markets due to their quality and valuation discipline. AGAM has developed specialty strategies to extend our research edge beyond growth and core portfolios. Through these specialty strategies, they achieve specific and well-focused client goals. As with the growth and core strategies, the firm deploys intensive fundamental research, a disciplined investment process and a rigorous risk management oversight.

For active fixed-income, LBAM's decision-making process incorporates controlled duration decisions, sector decisions, and individual issue valuation decisions. They base interest rate and sector-related investment decisions on our economic growth forecast. The firm uses risk exposure analysis and risk budgeting models to quantify and manage risks associated with strategies that they design to add value relative to the benchmark index. Individual issue selections result from internal research generated by research specialists. They diversify holdings to reduce credit exposure to individual issuers. Eligible investments for core strategies include US dollar denominated investment-grade securities; for core plus strategies the universe of securities expands to include high yield. For passive bond indexing, LBAM seeks to take advantage of risk premiums as they are reflected in individual security prices. These premiums offer compensation for accepting credit and structure risks associated with individual issues. Explicit quantification and control of risks are at the heart of this investment process. The firm uses proprietary risk exposure analysis to analyze yield curve factors and spread-related factors. For each yield curve and spread factor, the portfolio is very closely matched to the index to ensure that the portfolio earns the same return as the index for any change in interest rates or change in sector spreads. Based on internally generated research, they integrate individual issue selections into the portfolio without disrupting the integrity of the portfolio structure. Holdings are diversified to reduce credit exposure to individual issuers. Eligible investments include securities included in the index, plus those that are their equivalents in terms of credit and structure risks. LBAM's high yield bond management decision-making process begins with a macro-economic framework for determining the appropriate portfolio structure according to defensive versus cyclical industries and appropriate quality orientation (between high BB to low B). Once they have established the overall structure, the firm determines specific industry weights and individual issuer selections. Their research analysts focus on identifying securities that exhibit improving credit fundamentals while avoiding those that experience deterioration in their credit quality. LBAM diversifies holdings to reduce credit exposure to individual issuers. Eligible investments include dollar denominated bonds rated below investment-grade including Rule 144A securities and the full range of structures such as pay-in-kind bonds, interest reset bonds and other instruments that are consistent with high yield investing.

UBS Trust utilizes independent investment management firms as advisors in the management of its portfolios. They buy and sell securities within each portfolio based on the independent advisor's recommendations. The firm uses qualitative and quantitative analysis to search for appropriate investment advisors to make the buy and sell recommendations for the portfolios. An advisor may be hired only after undergoing a rigorous screening process. That includes an assessment of an advisor's history, assets under management, investment discipline and performance consistency through market cycles. Once an advisor is included in the UBS Trust program it is continually monitored. The ongoing investment advisor review is a process that ensures that the portfolio complies with the investment parameters in its portfolio disclosure document, which states the objective of the portfolio and its investment parameters and that the advisor is conducting its duties with the same style and discipline that led to its original appointment. UBS also ensures that the advisor is applying the same or better resources and commitment for which it was originally chose and and the interests of plan participants are safeguarded. Periodically, the Trust and Investment Committee for UBS Trust meets to formally review the portfolios. On an annual basis a meeting with each advisor takes place. If an advisor underperforms, its benchmark for three consecutive quarters the meeting schedule for that advisor is accelerated.

Functions as a College/University

Holds a collection of historical artifacts and research materials

Provides transitional and permanent supportive housing, chemical dependency treatment, employment and education services