Vitor Cepelowicz

Price Associates uses a complex and multifaceted approach to investment analysis and asset management decisions. They integrate ESG factors into their investment research process. The firm focuses on the ESG factors they consider most likely to have a material impact on the performance of securities in client accounts. Price Associates also focuses on their analytical process on three areas of research: the industry, the contracts issued, and the creditworthiness of each individual issuer.

Financial Partners Capital Management's (FPCM) investment philosophy focuses on the preservation and enhancement of clients' purchasing power without exposing their assets to unnecessary risk. They believe that over time, equities will outperform all other financial asset classes, and that investing with a long-term horizon results in a lower turnover, transaction costs and capital gains taxes. Their investment process follows a top-down/bottom-up approach. Detailed fundamental company and security analysis is complemented with an appraisal of the cyclical and secular forces affecting the economy, and the expected rate of returns of different asset classes. FPCM interprets value in a broad sense that combines asset valuation, growth in earnings and free-cash flow. For equities, the firm's objective is to achieve consistent and positive real rates of return on the capital entrusted to them, thereby increasing the purchasing power of the funds over time. They believe that this goal can best be realized by emphasizing common stocks because of their unique ability to compound high rates of return over long periods. The firm will not temporarily use short-term fixed-income securities when the expected risk-adjusted return on stocks is not acceptable. FPCM's active approach in managing taxable and non-taxable fixed-income securities is designed to produce positive real rates of return over time. Portfolios are invested in a variety of instruments, depending on the firm's top-down/bottom-up analysis. They buy government bonds, agencies, MBSs, corporates, tax-exempts and others. They focus predominantly on investment grade securities to protect capital and to control the credit risk, but remain open to investing in higher yielding securities when spreads are attractive.

Obrem Capital Management focuses in investments in the stocks of US small-cap companies in technology services sector. The firm may employ an activist investment approach

Functions as a College/University

HSBC Bank USA manages separate account and specializes in the use of asset allocation strategies. The firm's portfolio managers and analysts are generalists, although they do have significant investments in the stocks of small-cap European companies in the electronic technology sector.

Rockbay Capital focuses on special situation investing. The firm invests primarily in the stocks of US companies in the energy minerals, finance and health technology sectors. They invest across all market-caps. Rockbay Capital maintains a very high turnover rate

Functions as a College/University