Additional information about Turner Investments, L.P. is available on the SEC s website at

Transcription

1 Form ADV Part 2B Brochure Supplement John P. Fraunces, Jr. Christopher K. McHugh Peter J. Niedland, CFA Jason D. Schrotberger, CFA Scott C. Swickard, CFA Mark D. Turner Robert E. Turner, CFA Turner Investments, L.P Westlakes Drive Suite 100 Berwyn, PA Phone: Website: June 14, 2016 This brochure supplement provides information about supervised personnel that supplements the Turner Investments, L.P. brochure. You should have received a copy of that brochure. Please contact your client service representative or Turner s Compliance Department at if you did not receive Turner Investments, L.P. s brochure or if you have any questions about the contents of this supplement. Additional information about Turner Investments, L.P. is available on the SEC s website at 1

2 John P. Fraunces, Jr. Portfolio Manager/ Global Equity Analyst Mr. Fraunces reports to Robert E. Turner, CFA, who is Turner s chief investment officer. All investment professional activities are also monitored by Turner Compliance team personnel. Turner has adopted a formal compliance program designed to prevent, detect and correct any actual or potential violations of the Investment Advisors Act of 1940, as amended, and related laws and regulations. Turner s chief compliance officer may be reached at In addition, all client accounts are frequently reviewed by Turner client service and other personnel for investment guideline compliance, performance, and other purposes. John P. Fraunces, Jr., 44, is a portfolio manager/global equity analyst covering stocks in the healthcare sector. Mr. Fraunces is the co-portfolio manager for Turner s Global Medical Sciences strategy. He has worked at Turner since 2015 and has 15 years of investment experience and an additional five years within the healthcare industry. Prior to joining Turner Investments, Mr. Fraunces was a portfolio manager of the Synaptic Medical Fund, L.P. from 2009 to 2015, and previously a portfolio manager at Solaris and a senior equity analyst at Gardner Lewis. Mr. Fraunces earned his MBA at Lehigh University and earned a bachelor s degree in chemistry at University of Scranton. Item 5: Additional Compensation. Turner Investments, L.P. s supervised persons do not receive bonuses or 2

3 Item 5: Additional Compensation. Turner Investments, L.P. s supervised persons do not receive bonuses of Christopher K. McHugh Senior Portfolio Manager, Founder Christopher K. McHugh, 50, co-founded Turner Investments in In addition to his role as vice chairman, he is a senior portfolio manager/global equity analyst covering stocks in the technology sector. He serves as co-portfolio manager for Turner s Midcap Growth and Concentrated Global Growth strategies. Mr. McHugh has 29 years of investment experience. Mr. McHugh reports to Robert E. Turner, CFA, who is Turner s chief investment officer. All investment professional activities are also monitored by Turner Compliance team personnel. Turner has adopted a formal compliance program designed to prevent, detect and correct any actual or potential violations of the Investment Advisors Act of 1940, as amended, and related laws and regulations. Turner s chief compliance officer may be reached at In addition, all client accounts are frequently reviewed by Turner client service and other personnel for investment guideline compliance, performance, and other purposes. Prior to joining Turner Investments, Mr. McHugh was a performance specialist at Provident Capital Management. Mr. McHugh graduated from Philadelphia University with a BS degree in accounting, and received an MBA in finance from Saint Joseph s University. He is also on the board of trustees at Philadelphia University and is an affiliate member of the CFA Society of Philadelphia. Christopher McHugh, vice chairman/senior portfolio manager, is a registered representative of Foreside Fund Distributors, LLC, an unaffiliated broker-dealer that acts as the distributor for the Turner Funds. 3

4 Agreement to comply with, among other things, the CFA Institute conditions, requirements, policies, and procedures as defined in the CFA Institute Articles of Incorporation, Bylaws, and Code of Ethics and Standards of Professional Conduct. Fulfillment of local CFA Institute society requirements, which vary by society. Peter J. Niedland, CFA Senior Portfolio Manager/ Global Equity Analyst Peter Niedland, 44, is a senior portfolio manager/global equity analyst covering stocks in the consumer sector. Mr. Niedland is a co-portfolio manager of Turner s Genesis strategy. He has worked at Turner since 2014 and has 22 years of investment experience. Prior to joining Turner Investments, Mr. Niedland served as a portfolio manager at Conestoga Capital Advisors, LLC, Emerald Advisers, and Pilgrim Baxter & Associates. He was also a co-founder and managing partner at NS Investment Partners, LLC. Mr. Niedland graduated from University of Richmond with a BS degree in business administration. He is a regular member of the CFA Institute and CFA Society of Philadelphia. Chartered Financial Analyst (CFA ) Qualification as a CFA charterholder requires: Successful completion of Levels I, II, and III examinations. At least four years of acceptable professional work experience related to the investment decision-making process. This may be accrued prior to, during, or after completing the exams. Membership in CFA Institute and application for membership with a CFA Institute society.. Submission of an annual Professional Conduct Statement and annual membership dues. CFA and Chartered Financial Analyst are registered trademarks owned by the CFA Institute. Item 5: Additional Compensation. Turner Investments, L.P. s supervised persons do not receive bonuses or Mr. Niedland reports to Robert E. Turner, CFA, who is Turner s chief investment officer. All investment professional activities are also monitored by Turner Compliance team personnel. Turner has adopted a formal compliance program designed to prevent, detect and correct any actual or potential violations of the Investment Advisors Act of 1940, as amended, and related laws and regulations. Turner s chief compliance officer may be reached at In addition, all client accounts are frequently reviewed by Turner client service and other personnel for investment guideline compliance, performance, and other purposes. 4

5 during, or after completing the exams. Membership in CFA Institute and application for membership with a CFA Institute society. Agreement to comply with, among other things, the CFA Institute conditions, requirements, policies, and procedures as defined in the CFA Institute Articles of Incorporation, Bylaws, and Code of Ethics and Standards of Professional Conduct. Jason D. Schrotberger, CFA Senior Portfolio Manager/ Global Equity Analyst, Principal Jason Schrotberger, 44, is a senior portfolio manager/global equity analyst covering stocks in the consumer sector. Mr. Schrotberger is a co-portfolio manager of Turner s Small Cap Growth and Emerging Growth strategies. He has worked at Turner since 2001 and has 21 years of investment experience. Prior to joining Turner Investments, Mr. Schrotberger was an investment analyst at BlackRock Financial Management. He also served as an equity analyst at PNC Asset Management and for the Public School Employees Retirement System for the Commonwealth of Pennsylvania. He began his career with Safeguard Scientifics where he served as a venture capital analyst. Mr. Schrotberger graduated from Denison University with a BA degree in economics, and earned an MBA in finance from the University of Illinois. He is a regular member of the CFA Institute and CFA Society of Philadelphia. Chartered Financial Analyst (CFA ) Qualification as a CFA charterholder requires: Successful completion of Levels I, II, and III examinations. At least four years of acceptable professional work experience related to the investment decision-making process. This may be accrued prior to, Fulfillment of local CFA Institute society requirements, which vary by society. Submission of an annual Professional Conduct Statement and annual membership dues. CFA and Chartered Financial Analyst are registered trademarks owned by the CFA Institute. Item 5: Additional Compensation. Turner Investments, L.P. s supervised persons do not receive bonuses or Mr. Schrotberger reports to Robert E. Turner, CFA, who is Turner s chief investment officer. All investment professional activities are also monitored by Turner Compliance team personnel. Turner has adopted a formal compliance program designed to prevent, detect and correct any actual or potential violations of the Investment Advisors Act of 1940, as amended, and related laws and regulations. Turner s chief compliance officer may be reached at In addition, all client accounts are frequently reviewed by Turner client service and other personnel for investment guideline compliance, performance, and other purposes. 5

6 Fulfill local CFA Institute society requirements, which vary by society. Submission of an annual Professional Conduct Statement and annual membership dues. CFA and Chartered Financial Analyst are registered trademarks owned by the CFA Institute. Scott C. Swickard, CFA Portfolio Manager/ Global Equity Analyst, Principal Scott Swickard, 31, is a global equity analyst covering stocks in the cyclical sector. He serves as co-portfolio manager for Turner s Titan strategy. Mr. Swickard has worked at Turner since 2007 and has eight years of investment experience. Mr. Swickard earned a master s degree in accounting and also received dual bachelor s degrees in accounting and finance from Bradley University. Chartered Financial Analyst (CFA ) Qualification as a CFA charterholder requires: Successful completion of Levels I, II, and III examinations. At least four years of acceptable professional work experience related to the investment decision-making process. This may be accrued prior to, during, or after completing the exams. Membership in CFA Institute and application for membership with a CFA Institute society. Agreement to comply with, among other things, the CFA Institute conditions, requirements, policies, and procedures as defined in the CFA Institute Articles of Incorporation, Bylaws, and Code of Ethics and Standards of Professional Conduct. 6

7 Item 5: Additional Compensation. Turner Investments, L.P. s supervised persons do not receive bonuses of Mark D. Turner Senior Portfolio Manager, Founder Mark D. Turner, 57, co-founded Turner Investments in In addition to his role as president, Mr. Turner is a senior portfolio manager/global equity analyst covering stocks in the financial services sector. He serves as co-portfolio manager for Turner s International Growth strategy. Mr. Turner has 33 years of investment experience. Mr. Turner reports to Robert E. Turner, CFA, who is Turner s chief investment officer. All investment professional activities are also monitored by Turner Compliance team personnel. Turner has adopted a formal compliance program designed to prevent, detect and correct any actual or potential violations of the Investment Advisors Act of 1940, as amended, and related laws and regulations. Turner s chief compliance officer may be reached at In addition, all client accounts are frequently reviewed by Turner client service and other personnel for investment guideline compliance, performance, and other purposes. Prior to forming Turner Investments, Mr. Turner was vice president/senior portfolio manager at First Maryland Asset Management, vice president/portfolio manager at Merrill Lynch Asset Management, and portfolio manager/analyst at Wachovia Investment Management. Mr. Turner received a BS in economics from Bradley University and an MBA in finance from the University of Illinois. He is a regular member of the CFA Institute and the CFA Society of Philadelphia. Mark Turner serves on the Board of Trustees for The Haverford School and also a member of the Board of Directors for CityTeam International (Chester) and The Philadelphia Ronald McDonald House. 7

8 Robert E. Turner, CFA Chairman and Chief Investment Officer, Founder Robert E. Turner, 58, co-founded Turner Investments in He developed the equity investment process that is the basis for all of Turner Investments growth equity strategies. In addition to his roles as chairman and chief investment officer, Mr. Turner is a senior portfolio manager/global equity analyst covering stocks in the technology sector. Mr. Turner serves as coportfolio manager for Turner s Genesis and Concentrated Global Growth strategies. He has 34 years of investment experience. Prior to founding Turner Investments, Mr. Turner served as a senior investment manager at Meridian Investment Company, as a portfolio manager with Integon Corporation, as an analyst at McMillion/Eubanks, and as a systems consultant at Arthur Andersen. Mr. Turner received both his BS in accounting and MBA from Bradley University. He is a regular member of the CFA Institute and the CFA Society of Philadelphia, and serves as chairman for the Board of Directors at Bradley University. In addition, Mr. Turner is a member of the Advisory Council for the University of Notre Dame School of Architecture, President s Leadership Council - Drexel University and a board member of the Delaware Valley Friends School. Chartered Financial Analyst (CFA ) Qualification as a CFA charterholder requires: Successful completion of Levels I, II, and III examinations. At least four years of acceptable professional work experience related to the investment decision-making process. This may be accrued prior to, during, or after completing the exams. Membership in CFA Institute and application for membership with a CFA Institute society. Agreement to comply with, among other things, the CFA Institute conditions, requirements, policies, and procedures as defined in the CFA Institute Articles of Incorporation, Bylaws, and Code of Ethics and Standards of Professional Conduct. Fulfillment of local CFA Institute society requirements, which vary by society. Submission of an annual Professional Conduct Statement and annual membership dues. CFA and Chartered Financial Analyst are registered trademarks owned by the CFA Institute. Item 5: Additional Compensation. Turner Investments, L.P. s supervised persons do not receive bonuses or Mr. Turner reports to Turner s Board of Directors, including Stephen J. Negrotti and Jason D. Schrotberger. All investment professional activities are also monitored by Turner Compliance team personnel. Turner has adopted a formal compliance program designed to prevent, detect and correct any actual or potential violations of the Investment Advisors Act of 1940, as amended, and related laws and regulations. Turner s chief compliance officer may be reached at In addition, all client accounts are frequently reviewed by Turner client service and other personnel for investment guideline compliance, performance, and other purposes. 8