Thomas Krouse

Liberty Ridge focuses on domestic equities. Liberty Ridge Capital believes it adds the greatest value over all market cycles by consistently applying a time-tested, bottom-up stock selection process that combines the use of rigorous fundamental research with quantitative techniques. Liberty Ridge Capital seeks to select securities that offer the most attractive trade-off between valuation, near-term dynamics and long-term growth. They believe that superior investment results can be achieved by investing in companies that possess an attractive valuation relative to the broad market and peer group, display positive near-term business prospects and exhibit healthy long-term earnings growth potential. LibertyRidge employs a process that defines a manageable universe of stocks by utilizing proprietary quantitative screens to narrow their focus. Fundamental research further narrows the team's top investment candidates and then a portfolio is constructed based on process and account parameters. In seeking to identify attractive investment opportunities for the Focused, Large Cap, Mid-Cap and Small Cap Funds and the blend portion of the Strategic Small Company Fund, Liberty Ridge first creates a universe of companies whose current share price seems lower than their current or future worth. They consider factors like a company's earnings power vs. its current stock price, dividend income potential, its price-to-earnings ratio vs. similar companies, competitive advantages, like brand or trade name or market niche, management team, and current and future business prospects. Lastly, using their own fundamental research and a bottom-up approach to investing, Liberty Ridge identifies those companies which are currently out of market favor but have the potential to achieve significant appreciation as the marketplace recognizes their fundamental value.

Meisenbach Capital Management (MCM) is a US long/short equity manager. The firm invests primarily in the stocks of US large- and mid-cap companies that have the potential for significant price changes due to earnings announcements and business events, such as new products, management changes and technology changes. The firm takes short positions in names with high relative valuations in which fundamentals appear to be deteriorating and is only interested in those stocks which could halve in a day. Long positions are taken in names with low relative valuations in which fundamentals appear to be improving. The firm is only interested in those companies that exhibit the potential to double or triple. They typically maintain a position until the company's stock movement correlates with the market. MCM often shorts stocks that they have previously been long (and vice versa). The firm holds very small positions and may take slightly more concentrated positions in a very few names. Management may hedge positions with investments in a company or index in the same, or similar, group or index. Large positions that begin to lose money are quickly reduced or closed, and overall portfolio size is reduced when the program incurs losses.

Provides investment management and research services

Acts as Hedge Fund

Functions as a College/University

MCM generally manages portfolios having investment objectives of aggressive growth or long-term capital appreciation or a combination of both. In seeking each client’s investment objectives, the firm primarily invests portfolios in publicly-traded common stocks of US and foreign companies of any size, seeking to outperform the Standard & Poor's 500 Index (S &P 500 Index).

Provides investment banking services

Functions as a College/University

Functions as a College/University