- Asset Allocation
- Equity Fund Managers
- Bond Fund Managers
- Alternative Fund Managers
CURRENT FUND MANAGERS
EQUITY FUND MANAGERS
- Victory Capital Management (Hired 2/04)
- Wentworth, Hauser and Violich Inc. (Hired 2/05)
- Harris Associates (Hired 6/05)
- Alliance Bernstein (Hired 3/07)
- Aletheia Research & Management, Inc. (Large Cap Value Fund) (Hired 5/07)
- Denver Investment Advisors (Hired 5/07)
- MFS International Fund (Hired 12/07)
- Aletheia Research & Management, Inc. (Large Cap Growth Fund) (Hired 8/08)
- Janus Capital Management LLC (Hired 8/08)
- Wentworth, Hauser and Violich Inc. International (Hired 8/08)
- NFJ International Fund (Hired 8/09)
BOND FUND MANAGERS
- Delaware Diversified Income Fund (Hired 5/03)
- PIMCO CORE (Hired 5/03)
- PIMCO TIPS Fund (Hired 10/04
- PIMCO Investment Grade (Hired 3/09)
- Templeton Global Bond Fund (Hired 11/09)
- Oppenheimer International Bond Fund (Hired 11/09)
ALTERNATIVE FUND MANAGERS (10%)
- The Endowment Fund (Funds 1 & 2) (Hired 4/07 & 12/07
- ML Systematic Momentum FuturesAccess (Funds 1 & 2) (Hired 7/07 & 12/07
- ML-CSP II (offshore), L.P. (Hired 4/08)
- Equity Long Short Hedge (Hired 3/09)
- Event Driven Credit Hedge (Hired 3/09)
- Structured Bank Notes (Hired 3/09)
- Carlyle Distressed Debt
Equity Fund Managers
Victory Capital Management (Hired 2/04)
This management’s objective is long-term growth of capital and dividend income by investing primarily in large capitalization value and growth equity securities. They invest primarily in large cap stocks that are undervalued and possess a catalyst that will cause the undervaluation to be recognized by the market.
Wentworth, Hauser and Violich Inc. (Hired 2/05)
The WHV non-traditional investment approach seeks to invest in small capitalization growth companies with low debt and strong management selling at attractive valuations. The approach is spearheaded by four portfolio managers.
Harris Associates (Hired 6/05 )
Harris Associates employs a bottom-up fundamental value discipline that seeks to identify large and mid-sized companies trading at a significant discount to their intrinsic value.
AllianceBernstein (Hired 3/07)
AllianceBernstein L.P. is one of the largest publicly traded global asset management firms in the world with approximately $717 billion in assets under management at December 31, 2006. AllianceBernstein provides diversified, global investment management services that include growth and value equities, blend strategies and fixed income services.
Aletheia Research & Management, Inc. (Hired 5/07)
Alethia uses a unique methodology that tracks corporate actions, analyzes corporate balance sheets, and conducts industry research to find opportunities. They attempt to generate strong risk-adjusted returns in any market environment. The initial universe for this manager consists of all publicly traded companies, with a preference given to stocks that have a larger market capitalization.
Denver Investment Advisors (Hired 5/07)
This manager focuses on undervalued stocks of small-cap companies that exhibit solid or improving fundamentals. They seek superior results by investing in companies which are selling at a discount to their intrinsic value and have an identified catalyst to unlock that value. The power of quantitative analysis is combined with the merits of fundamental research, and strict valuation disciplines bring rigor to the buying and selling process.
MFS International Fund (Hired 12/07)
MFS normally invests the fund's assets primarily in foreign securities, including emerging market securities. MFS may invest the fund's assets in the stocks of companies it believes to have above average earning growth potential compared to other companies, in the stocks of companies it believes are undervalued compared to their perceived worth, or in a combination of growth and value companies.
Aletheia Research & Managment, Inc. (Hired 8/08)
Using a bottom-up approach, Aletheia researches individual companies and their prospects. Aletheia's research process identifies securities with significant growth in earnings and cash flow. The process also uncovers opportunities in securities that have declined significantly in price or securities that are misunderstood or mispriced by Wall Street.
Janus Captial Management LLC (Hired 8-08)
For more than three decades, the Denver-based firm has used a bottom-up, company-by-company invesment approach vased on the convistion that stock prices ultimately follow earnings growth.
Wentworth, Hauser, and Violich Inc. International (Hired 8/08)
WHV International's strategy is to provide a portfolio of primarily large capitalization international equity growth stocks with the objective of generating long-term capital appreciation.
NFJ International (Hired 8/09)
NFJ International Fund Investes in Fundamentall sound, undervalued foreign companies. The fund focuses on dividend-paying stocks of undervalued large-cap companies outside the U.S.
TOPBond Fund Managers
Delaware Diversified Income Fund (Hired 5/03)
This mutual fund allocates its investments principally among the following four sectors of the fixed-income securities markets: the U. S. Investment Grade Sector, the U. S. High-Yield Sector, the International Developed Markets Sector, and the Emerging Markets Sector. Under normal circumstances, the Fund will invest at least 80% of its net assets in fixed income securities and will determine how much of the Fund to allocate to each of the four sectors, based on an evaluation of economic and market conditions and an assessment of the returns and potential for appreciation that can be achieved from investments in each of the four sectors. The Fund will periodically reallocate assets as deemed necessary.
PIMCO CORE (Hired 5/03)
This fund seeks its invetment objective by investing under normal circumstances at least 65% of its total assets in inflation-indexed bonds of varying maturities issued by the U.S. and non-U.S governmentsm their agencies or instrumentalities, and corporations. This fund also invests in investment grade securities, but may invest up to 10% or its total assets in high yield securities rated B or higher by Moody's or S&P. This fund also may invest up to 20% or its total assets in securities denominated in foreign currencies.
PIMCO TIPS Fund (Hired 10/04)
This fund seeks to achieve its investment objective by offering access to a comprehensive range of equity and fixed-income portfolios.
PIMCO Investment Grade Fund (Hired 3/09)
PIMCO believes that high-quality investment-grad corporate bonds continue to offer attractive return potential. The Fund accesses a broad investment universe, with the ability to add value beyond corporate bonds through investment in high-quality U.S. government bonds, mortgages, and foreign bonds.
Templeton Global Bond Fund (Hired 11/09)
The fundamental objective of the Templeton Global Bond fund is to provide high current income. As a secondary investment objective, the fund seeks captial appreciation, but only when this is consistent with its principal objective. The fund invests primarily in a portfolio of fixed-income securities (including debt securities and preferred stock) of issuers around the world.
Oppenheimer International Bond Fund (Hired 11/09)
This investment seeks total return with a secondary objective of income consistent with total return. The fund invest mainly in debt securities of foreign government and corporate issuers. It normally invests at least 80% of assets in bonds and at least in three countries other than the United States.
Alternative Fund Managers
The Endowment Fund (Funds 1 & 2) (Hired 7/07 & 12/07)
The Endowment Fund has a broadly diversified investment portfolio with the goal of consistent compounding of capital and preserving capital across all market cycles. With approximately 100 hedge funds and limited partnerships spread across 9 different asset classes with approximately 100 managers, The Endowment Fund has been designed to serve as a “one-stop alternatives allocation”.
ML Systematic Momentum FuturesAccess (Funds 1 & 2) (Hired 7/07 & 12/07)
This alternative investment is managed by Merrill Lynch Alternative Investments and is a multi-manager strategy focused product with diversification among 8 systematic commodity trading advisers. The fund targets significant medium-term capital growth; seeks to identify and take advantage of market trends and reversals; and, attempts to control drawdowns through diversification across markets, time frames and models. “Systematic Momentum” is a term used to describe a broad range of trading strategies that are largely systematic, based on statistical analysis of price patterns in global markets, primarily anticipating and riding “trends” in global markets, and typically executed using highly liquid exchange traded futures contracts.
Equity Long-Short Hedge (Hired 3/09)
A hedge fund strategy that involves buying certain stocks long and selling others short. There usually isn't a restriction on the country that the stocks trade in.
Event Driven Credit Hedge (Hired 3/09)
A hedge fund strategy in which the manager takes significant positions in a certain number of companies with "special situations." These "special situations" could include distressed stocks, mergers, takeovers, big news stories, and the like