Background and History

• Registered Investment Advisor founded in 1999 by three principals:
  • Robert F. Hill, Jr. - Chief Executive Officer
  • Russell Brooks - Principal
  • Michael P. Painchaud - Principal & Consultant

• Ownership: Principals and Employees own 60% of firm

• CalPERS Manager Development Program – March, 2001

  • Third firm funded under CalPERS MDP

  • Only firm funded de novo under CalPERS MDP

  • Purchased 40% of firm

  • Midcap mandate: 2001-2006 S&P 400 Midcap strategy; early 2007 joined Russell Midcap Composite

• Investment team comprised of former Virginia Retirement System investment officers with an average 16 years investment experience
   

• Clients include three of the largest pension funds in the US

• Investment Products – Total AUM = $272 million

  • Midcap US Equity – $258 million
    Benchmarks = Predominantly Russell Midcap^® Index
    Established July, 2005
    Original Midcap strategy established in April, 2001
    converted to Russell Midcap^® benchmark in April, 2007

  • Large Cap Value US Equity – $14 million
    Benchmark = Russell 1000^® Value Index
    Established February, 2006