PI Strategic Investment Research Group

Transcription

1 PI Strategic Investment Research Group Investment Research James G. Russell, CFA, Senior Vice President and Director, Strategic Investment Research Group Mr. Russell joined Prudential Investments in January of 2000 to build and lead the firm s investment research efforts. With over 20 years of investment management experience, Mr. Russell has significant background in both the asset management and investment management consulting industries with responsibility for investment management research and strategic asset allocation. Prior to joining Prudential Investments Mr. Russell managed the asset management and asset allocation businesses at Diversified Investment Advisors, a $60 billion institutional asset management firm located in Purchase, New York and an antecedent firm to Mutual Of New York s Pension Investment business. Prior to Diversified Investment Advisors, Mr. Russell managed a division of Evaluation Associates Incorporated, a national investment management consulting organization. Mr. Russell has spoken at a number of industry and professional organizations including the Investment Management Consultants Association, the Money Management Institute and the International Association of Consulting Actuaries. Mr. Russell has been quoted in both the Investors Business Daily and Plan Sponsor magazine. A member of the New York Society of Securities Analysts and the Association of Investment Management Research, Mr. Russell is a graduate of Colgate University, holds the Certified Investment Management Analyst designation from the Wharton School of the University of Pennsylvania and the Investment Management Consultants Association. Mr. Russell also holds the Chartered Financial Analyst designation.

2 Asset Allocation and Quantitative Analysis Christopher D. Piros, Ph.D., CFA, Vice President, Asset Allocation & Quantitative Analysis Dr. Piros heads the team responsible for Prudential s strategic and discretionary asset allocation advice and a portfolio management team responsible for active asset allocation mandates. He also directs the Strategic Investment Research Group s (SIRG) capital market, investment strategy, and economic research. Prior to joining Prudential, Dr. Piros was a Senior Vice President and Portfolio Manager with MFS Investment Management and taught in Boston University s Master of Science in Investment Management program (MSIM). Before assuming portfolio management responsibilities at MFS he established and headed the firm s fixed income quantitative analysis group. Prior to MFS he worked for Drexel Burnham Lambert s Quantitative Asset Management Group and served on the finance faculty of Duke University s Fuqua School of Business. Dr. Piros is a graduate of Northwestern University and holds a Ph.D. in Economics from Harvard University. He is a member of the CFA Institute, New York Society of Security Analysts, Chicago Quantitative Alliance (CQA), and is on the advisory board of Boston University s MSIM program. He has been a speaker at seminars/conferences sponsored by various organizations and universities. Marcus M. Perl, Director, Asset Allocation and Quantitative Analysis Mr. Perl joined Prudential in October 2000 to lend his expertise in quantitative modeling to development of Prudential Investment's asset allocation strategies. Prior to joining Prudential, Mr. Perl was Vice President at FX Concepts where he was responsible for market risk modeling, performance analytics and statistical research. He also worked as Associate at Wilshire Associates. In that capacity, he was developing asset allocation module for the Compass workstation. Previously Mr. Perl held various positions in quantitative and financial analysis at MCG, SCE and GTE. Mr. Perl holds MA degree in finance from Warsaw School of Economics, MA degree in economics/econometrics from California State University Long Beach and MA degree in economics from the University of Southern California, where he was advanced to candidacy for PhD, having completed all-pre-dissertation work in the doctoral program. Liliana Lopez, Analyst Liliana Lopez joined the Strategic Investment Research Group (SIRG) in June 2003 as a research analyst. She performs capital market and asset allocation research, which supports the development of investment tools and methodologies for asset allocation recommendations. Liliana started with Prudential seven years ago and worked in various business units before becoming part of SIRG. The two years prior to joining SIRG, Liliana worked in Enterprise Risk Management, where she was responsible for managing the overall insurance and reinsurance credit risk. Previous to risk management, Liliana worked in International Insurance, where she prepared multi-year plans and revamped the financial reporting process. Liliana also has extensive insurance experience from her years in Individual Life Insurance and Group Health Insurance, where she performed actuarial modeling, pricing and valuation of insurance products. Liliana holds a bachelor s in Mathematics from Purdue University and is currently pursuing an MBA in finance from the Stern School of Business at New York University.

3 Edward L. Campbell, CFA, Vice President Ed rejoined Prudential Investments in August 2003 as a senior investment manager research analyst with the Strategic Investment Research Group (SIRG). Prior to that he spent three years with Trilogy Advisors LLC as an analyst focusing on macroeconomic research and investment strategy. He was responsible for research and contributing to decision making related to asset allocation, currency management, and macro overlay strategies. Ed was an investment manager research analyst with Prudential Securities and Prudential Investments from 1996 to He began his career with Value Line Inc. as a mutual fund analyst in Ed is member of the New York Society of Securities Analysts and the Association of Investment Management Research. He holds a Bachelors Degree in Economics and International Business from The City University of New York and holds the Chartered Financial Analyst (CFA) designation.

4 Investment Manager Research Brian Ahrens, Vice President, Director Investment Manager Research Mr. Ahrens is the Vice President, Director of Investment Manager Research as part of the Strategic Investment Research Group at Prudential Investments. His staff of 17 analysts is responsible for over 150 managers and 400 different investment styles that represent approximately $110 billion in total assets. Mr. Ahrens has been with Prudential for over 10 years. Most recently he worked for Prudential Securities on their Fixed Income Sales/Trading Desk where he was an Associate Vice President. Mr. Ahrens earned his M.B.A. in Finance from the Stern School of Business at New York University. He graduated from James Madison University with a double major in Finance and German. He is series 7, series 24 and series 63 certified, CIMA certified, and presently a candidate for the CFA. William H. Spellman, CIMA, Director Mr. Spellman joined Prudential Investments as a Senior Research Analyst in April Bill works extensively with many of the large capitalization value managers within the MACS, PruChoice, and Target programs. Prior to joining Prudential, Mr. Spellman spent seven years as an analyst and senior analyst for PaineWebber in their insurance and managed money areas. Mr. Spellman received his M.B.A. from Fairleigh Dickinson University and B.B.A, cum laude, from Hofstra University. Mr. Spellman is a Certified Investment Management Analyst, has a New Jersey Life and Health Insurance License, and has a NASD Series 6 registration. In December 2000, Bill received the prestigious Prudential Champion Award for outstanding research. In addition to several civic organizations, Mr. Spellman is also a member of the Investment Management Consultants Association. Stacia Herman Ikpe, CFA, Director Ms. Ikpe joined the Strategic Investment Research Group as a senior research analyst in February of Prior to joining SIRG, Stacia was an Investment Consultant for Prudential Retirement Services, supporting large defined contribution clients with investment policy formulation, investment program design, manager searches, and performance monitoring. Stacia began her career with Prudential in Stacia earned a B.S. in Business Administration from the University of Minnesota, and an M.B.A. from Columbia University. Stacia holds the Chartered Financial Analyst designation and is a member of the New York Society of Security Analysts, the Associate for Investment Management Research and the Investment Management Consultants Association. She is also series 7, series 24 and series 63 certified. Andrei O. Marinich, CFA, Director Andrei Marinich joined the Strategic Investment Research Group in October 2000 as a Senior Analyst. Andrei works extensively with many of the large capitalization growth managers in the MACS and PruChoice programs as well as having research oversight of the TARGET and Strategic Partners programs. Prior to joining Prudential, Andrei spent almost five years with PaineWebber, Inc. and its subsidiaries. Most recently, Andrei worked as an Investment Manager Research Analyst in PaineWebber s Manager Research group. Prior to this he was a Senior Portfolio Analyst with Mitchell Hutchins, the asset management arm of PaineWebber.

5 Andrei is a CFA Charterholder and is a member of the New York Society of Security Analysts, the Associate for Investment Management Research and the Investment Management Consultants Association. Andrei received a bachelor s degree in Economics from Rutgers University and has is NASD Series 7 certified. Virginia Celebuski, CFA, Director Virginia joined Prudential in 1999, and worked in Prudential Investment Management Strategic Initiatives before joining Investment Management Research in June She joined Prudential from The Hennessee Group in New York City, where she performed manager due diligence for alternative investments. Virginia also worked for three and a half years performing domestic equity investment analysis for Bethlehem Steel s internally managed pension fund. She has a total of ten years of experience in the investment field. Virginia is a CFA Charterholder, and has an M.B.A. from Lehigh University. She is a member of the Association for Investment Management and Research (AIMR), and New York Society of Securities Analysts. Gokhan Saruhan, CIMA, Director Gokhan has worked at Prudential for over nine years. He held positions as securities pricing analyst and quantitative portfolio analyst before joining the Strategic Investment Research Group. He performed extensive portfolio analysis on MACS managers and produced performance reports for institutional accounts. He also assisted in the production of fee-based program publications. He has recently been relocated to London representing SIRG and supports the coverage of international money managers for Prudential s fee-based asset management programs as well as the firm's offshore fund platform Preference. Gokhan graduated from Pace University with an M.S. degree in Investment Management and earned a B.S. degree from Istanbul Technical University in Management Engineering. He is Series 7, 63 and 65 licensed, is a Certified Investment Management Analyst (CIMA) and CFA level II candidate. Gordon Rohloff, CFA, CIMA, Director Gordon joined Investment Management Research in May of 2000 where he was among a distinguished team of analysts that received the Champion Award for their research efforts. Gordon joins us from Gruntal & Company's managed money program where he provided sales and marketing support for the firm's fee-based consulting efforts. He also has three years prior experience with Prudential. Gordon started his career with Prudential Securities in 1996 on the IMS Sales Desk. He later joined IMS's team of Technical Analysts, where for two years, he marketed fee-based solutions and provided Prudential's FA's with analytical support. Gordon's educational background includes an MBA and a BA in Economics from the University at Buffalo. He is a Certified Investment Management Analyst, an member of the Investment Management Consulting Association, the Association of Investment Management Research, the New York Society of Security Analysts and has NASD Series 7, 63 & 65 licenses. Gordon currently holds the designation of Certified Financial Analyst. Erik Perlman, Director Erik has worked at Prudential for over 6 years, and has been with SIRG since January Prior to joining SIRG, Erik worked in PGAM Compliance, monitoring the investment and personal trading activities of the fixed income portfolio managers. In addition, Erik had previously worked in the group formerly known as PI Compliance - Inspections, performing routine exams of external sub advisors and of PIMS registered representatives and offices of supervisory jurisdiction. Prior to working at Prudential, Erik had

6 spent over 10 years in various compliance and customer service positions in the financial services industry. Erik has a BSBA in Finance, magna cum laude, from Northeastern University. He is currently a Level II candidate in the CFA program. In December 2000, Erik received the prestigious Prudential Champion Award for outstanding research. Jay Wolfeiler, Manager. Jay Wolfeiler has 14 years of investment industry experience. He has worked for Prudential as a research analyst for six years. Previously, he was a managing editor and analyst for the Value Line Mutual Fund Survey and the Value Line Mutual Fund Advisor. He also worked for Alliance Capital Management as an Operations Liaison, and for Dean Witter Reynolds (now Morgan Stanley Dean Witter) in operations support. He has an MBA from Rutgers University, and a BSBA from Boston University. He recently received his Certified Investment Management Analyst (CIMA) designation and is an active member of the Investment Management Consulting Association. In December 2000, Jay received the prestigious Prudential Champion Award for outstanding research. Steven A. West, Manager Steve West joined the Strategic Investment Research Group in May Steve has been with Prudential for 5 years, serving first as a Financial Advisor and later an Internal Coordinator for IMS Sales. Prior to working with Prudential, Steve worked as both a Design and Application Engineer. Steve holds a BS in Aerospace Engineering from West Virginia University. He is currently a CFA Level II candidate. Steve has also obtained NASD Series 7, 63, and 65 registrations and holds a NJ Life Insurance License. Joseph Hunt, Director Joseph Hunt joined Prudential Investments in June 2004 as an investment manager research analyst with the Strategic Investment Research Group ( SIRG ). Prior to joining SIRG, he spent thirteen years with PaineWebber Inc. (now UBS Financial Services Inc.) working in various capacities. Most recently, Mr. Hunt worked as a Senior Analyst in UBS Financial Services Inc. s Investment Manager Research Group. In this role, he served as a team leader overseeing the evaluations of all investment management firms in the small and mid cap asset classes across numerous wrap-fee based programs. Mr. Hunt also served as a member of the Manager Research Review Committee. He has a Bachelors of Science in Accounting from Saint Peter s College. James Hill, CFA, CIMA, Manager James Hill joined the Strategic Investment Research Group in September Prior to joining SIRG, James worked with Merrill Lynch s Investment Consulting Group providing strategic asset allocation and investment policy services for endowments, foundations, institutions and individuals. He also has previously worked in other financial and marketing roles within Prudential. Mr. Hill received a Bachelor of Science degree in Business Administration from the University of Maine and is presently pursuing a Masters of Science degree in Investment Management at Boston University. James holds the CFA and CIMA designations and is a member of the Association of Management and Research, New York Society of Security Analysts and the Investment Management Consultants Association.

7 Jack Brown, CFA, Director Jack joined the Strategic Investment Research Group (SIRG) as a senior research analyst in August Prior to joining SIRG, Jack was employed at Smith Barney where he managed the fixed-income advisor research effort. In all Jack has over 7 years of investment management research experience. Jack received a B.A. in Economics from Indiana University of Pennsylvania in 1993, and a M.B.A. from Drexel University in He is also a member of the CFA Institute and Financial Analysts of Philadelphia. Jack has also obtained NASD series 7, 63, and 16 registrations. Kudzai Sihlangu, Manager Kudzai Sihlangu joined Prudential Investments in June 2004 as an investment manager research analyst with the Strategic Investment Research Group ( SIRG ). Prior to joining SIRG, Mr. Sihlangu worked with Merrill Lynch s Managed Solutions Group where he evaluated investment management firms on the groups separate accounts, mutual fund, and offshore platforms. Mr. Sihlangu received a Bachelor of Science degree in Finance from Howard University. He is currently a Level II candidate in the CFA program. Saxon J. Sorrentino, Director Saxon started his first position at Prudential as a REIT analyst for the Prudential Real Estate Investors Group analyzing publicly-traded real estate securities and investment opportunities for the Merchant Banking Group. He then worked in the Institutional Consulting Group within the Investment Management Services Division, specializing in servicing Prudential s top managed-money Financial Advisors with customized investment analytics & consulting needs; in addition to serving as liaison and trainer for the IMS Regional Tech Analysts. He started his career as a Financial Consultant with several regional broker-dealers, progressing from Account Executive to Vice President. Saxon has a Bachelors of Science dual-degree in Entrepreneurship & Management with a minor in Economics from Babson College. He has obtained his Series 7, 63, and 65 NASD licenses. Saxon is a Level II Candidate for the Chartered Financial Analyst Program. Denise F. Blackman, CFA, Manager Ms. Blackman joined Prudential Investments in May 2005 as an investment manager research analyst within the Strategic Investment Research Group ( SIRG ). Prior to joining SIRG, Ms. Blackman worked for Optima Fund Management, LLC where she evaluated and monitored hedge fund investments across a broad array of strategies. Denise began her career at Ivy Asset Management Corp. as an alternative investments analyst and played an active role in the development of structured hedge fund products. Denise received her Bachelors of Science in Business Administration from Boston University, Cum Laude, in Denise is a CFA Charterholder. She is a member of the Association for Investment Management and Research (AIMR), and New York Society of Securities Analysts. Richard J. Tavis, CFA, Director Mr. Tavis joined Prudential Investments in October 2003 as an investment manager research analyst within the Strategic Investment Research Group ( SIRG ). Prior to joining SIRG, Mr. Tavis worked with Chartwell Consulting, an institutional investment consulting firm, primarily providing due diligence on investment management firms to corporate pension plans, endowments, and foundations. Rich received his Bachelors of Science in Economics & Finance, summa cum laude, from Rider University. He is a CFA Charterholder, as well as a member of the CFA Institute and the New York Society of Securities Analysts.

8 SIRG Technology Gregory Narissi, Manager Database Specialist Gregory joined Prudential Investments in March 1998 as a performance measurement analyst in the Investment Management Services department. Greg s primary responsibilities included providing performance reports for institutional clients, creating special style analysis reports and updating index and universe data used by Prudential financial advisors, technical analysts, and research analysts. In April 2001, Greg joined the Strategic Investment Research Group as a Database Specialist. His primary responsibilities within SIRG include developing, streamlining updating, and maintaining the data and reporting databases used by the group. In addition, he is responsible for providing to the group much of their quantitative output, utilizing the many analytical software packages available. Greg also spends a great deal of time working with group s analysts, assisting and troubleshooting. Greg holds a B.S. in Business Administration from the State University of New York at Albany, and is currently pursuing an MBA degree at Fordham University.