The Swarthmore Group Inc.
767 Third Ave., 16th Floor, New York, N.Y. 10017; phone: (212) 750-3200; fax: (212) 750-3207
($ millions)
Total assets managed105
Asset mix:
Stocks98%
Fixed income2%
No. of portfolio managers2
The Swarthmore Group Inc., founded in 1991, specializes in U.S. domestic equity with a top-down, sector rotation core equity approach.
Key professionals at the firm, and their years of experience, are Martin Weinstein, executive vice president, three years, and James E. Nevels, president, three years.
The Taggart Group
9720 Wilshire Blvd., Suite 205, Beverly Hills, Calif. 90212; phone: (310) 205-0107; fax: (310) 205-0207
($ millions)
Total assets managed2
Asset mix:
Stocks45%
Fixed income25%
Cash equivalents30%
No. of portfolio managers1
The Taggart Group, founded in 1981, uses an active, bottom-up domestic and international growth equity approach and interest rate anticipation global fixed-income approach.
The firm's investment approach is eclectic, seeking participation in sectors that are rising and stocks with strong relative strength and earnings per share.
The firm is affiliated with The Taggart Co. Ltd., a broker-dealer.
The key professional at the firm, and her years of experience, is Sondra Taggart, manager, 13 years.
Tanaka Capital Management
230 Park Ave., Suite 1432, New York, N.Y. 07901; phone: (212) 490-3380; fax: (212) 687-2852
($ millions)
Total assets managed114
Asset mix:
Stocks84%
Fixed income2%
Cash equivalents14%
No. of portfolio managers1
Size of research staff1
Tanaka Capital Management, founded in 1986, uses an active bottom-up growth and emerging growth equity approach.
The firm's investment approach is long-term, focusing on low-cost, market-share leaders whose earnings growth may have slowed recently, but should reaccelerate because of important fundamental change. These growth stocks are supplemented by emerging growth companies.
Key professionals at the firm, and their years of experience, are Graham Tanaka, president, 21 years; Suzanne J. Currie, director of marketing, 17 years; Robert Grant, research analyst, 22 years; Allison Marshall, manager of client services, 14 years; and Victoria McCann, trader, six years.
Taplin, Canida & Habacht
1001 S. Bayshore Drive, Suite 2100, Miami, Fla. 33131; phone: (305) 379-2100; fax: (305) 379-4452
($ millions)
Total assets managed653
Asset mix:
Stocks13%
Fixed income79%
Cash equivalents8%
No. of portfolio managers3
Taplin, Canida & Habacht, founded in 1985, uses an active domestic equity approach and sector rotational fixed-income approach.
The firm's investment approach blends quantitative tools and qualitative research. It seeks companies undervalued on an asset or earnings valuation basis. Its fixed-income approach focuses on high-quality issues with maturities ranging from six to 12 years and uses interest rate anticipation and sector analysis.
Key professionals at the firm, and their years of experience, are Tere Alvarez Canida, managing partner and president, 17 years; Alan M. Habacht, principal, 25 years; and William J. Canida, principal, 19 years.
Utendahl Capital
Management L.P.
30 Broad St., 31st Floor, New York, N.Y. 10004; phone: (212) 797-2688; fax: (212) 425-4199
($ millions)
Total assets managed150
Asset mix:
Fixed income55%
Cash equivalents10%
Mortgage-backed securities35%
No. of portfolio managers3
Size of research staff4
Utendahl Capital Management L.P., founded in 1992, uses an active, top-down and bottom-up domestic equity approach and domestic sector rotational fixed-income approach.
The firm seeks to add value through sector and issue selection. Sector diversification, duration adjustments and other asset allocation decisions are determined by the investment committee's top-down analysis, and securities are selected based on bottom-up analysis using rigorous credit, quantitative and relative value analyses.
The firm is affiliated with Utendahl Capital Partners L.P.
Key professionals at the firm, and their years of experience, are Thomas B. Mandel, chief investment officer and principal, 11 years; Dail St. Claire Simmons, marketing director and principal, 10 years; and Gordon P. Bell, portfolio manager and principal, seven years.
Valenzuela Capital
Management Inc.
1270 Avenue of the Americas, New York, N.Y. 10020; phone: (212) 332-8590; fax: (212) 332-8597
($ millions)
Total assets managed430
Asset mix:
Stocks95%
Fixed income5%
No. of portfolio managers3
Size of research staff2
Valenzuela Capital Management Inc., founded in 1989, uses an active, bottom-up value and growth equity approach.
The firm uses a disciplined investment philosophy and bottom-up research. It has a risk-averse growth philosophy based on valuation, and concentrates on small- and medium-cap stocks.
Key professionals at the firm, and their years of experience, are Thomas M. Valenzuela, president, 14 years; Mariko O. Gordon, vice president, 10 years; and Peter J. McCarthy, vice president, 23 years.
Value Line Asset
Management
220 E. 42nd St., New York, N.Y. 10017-5891; phone: (212) 907-1525; fax: (212) 818-9781
($ millions)
Total assets managed4,347
Asset mix:
Stocks62%
Fixed income26%
Cash equivalents12%
No. of portfolio managers15
Size of research staff70
Value Line Asset Management, founded in 1931, uses an active bottom-up growth and emerging growth equity approach and an active sector rotational fixed-income approach.
The firm seeks growth at a reasonable price. Portfolio managers structure mid- and small-cap portfolios using proprietary timeliness ranking systems as an initial screen.
Key professionals at the firm, and their years of experience, are John F. Moore, director of asset management, 14 years; Charles Heebner, director of fixed income, 30 years; and Alan N. Hoffman, portfolio manager, 12 years.
ValueQuest Ltd.
Roundy's Hill, Marblehead, Mass. 01945; phone: (617) 631-5508; fax: (617) 639-2267
($ millions)
Total assets managed662
Asset mix:
Stocks98%
Cash equivalents2%
No. of portfolio managers1
Size of research staff5
ValueQuest Ltd., founded in 1982, uses an active contrarian international value equity approach.
The firm uses a fundamentally driven investment process leveraged with quantitative tools and techniques focusing on intrinsic value. Portfolios contain 50 stocks that are equally weighted, fully invested with low price/normal earnings, low P/B, high ROE/PE and typically above-average yield.
Key professionals at the firm, and their years of experience, are Katherine Busboom Magrath, partner and chief investment officer, 32 years; Terrence B. Magrath, partner and chief executive officer, 26 years; John C. Moore, associate and senior investment professional, 26 years; and Lawrence G. Franko, associate and senior investment professional, 16 years.
Wagner Investment
Management Inc.
410 17 St., Suite 840, Denver, Colo. 80202; phone: (303) 892-0527; fax: (303) 892-1337
($ millions)
Total assets managed312
Asset mix:
Stocks59%
Fixed income38%
Cash equivalents3%
No. of portfolio managers3
Size of research staff1
Wagner Investment Management Inc., founded in 1975, uses an active, top-down, domestic growth equity approach and active domestic fixed-income approach.
The firm seeks low-volatility growth by investing in large-cap growth equities and fixed-income securities rated A or better with maturities under 10 years. Stocks are screened for predictability of earnings, low debt/equity and high ROE.
Key professionals at the firm, and their years of experience, are Judith B. Wagner, president, 19 years; Joan H. Bristol, executive vice president, two years; and Lynn S. Cormey, vice president, eight years.
Wedgewood Capital
Management Inc.
1350 I St. N.W., Suite 520, Washington, D.C. 20005; phone: (202) 408-1550; fax: (202) 408-1558
($ millions)
Total assets managed775
Asset mix:
Fixed income100%
No. of portfolio managers2
Size of research staff2
Wedgewood Capital Management Inc., founded in 1987, is a fixed-income manager combining active duration management and sector rotation with advanced technological capabilities to seek the best value in sectors and securities.
The firm is affiliated with Pryor, McClendon, Counts & Co. Inc.
Key professionals at the firm, and their years of experience, are Daryl C. Dennis, president and chief investment officer, nine years; Clarissa Parker-Boybrin, portfolio manager, 10 years; and Danna Maller, director of marketing, three years.
Whitfield Capital
Management Inc.
1 World Financial Center, 200 Liberty St., Fourth Floor, New York, N.Y. 10281; phone: (212) 786-1543; fax: (212) 786-9623
($ millions)
Total assets managed4
Asset mix:
Foreign exchange100%
No. of portfolio managers2
Size of research staff1
Whitfield Capital Management Inc., founded in 1993, uses options in the foreign exchange and international money markets to achieve systematic protection from volatile market conditions and to capture relative yield advantages and directional currency gains. The firm emphasizes risk control.
Key professionals at the firm, and their years of experience, are directors Robin C. Bauer, 13 years, and Stuart W. Mercer, 10 years.
Williams Partners
12 Greenway Plaza, Suite 1100, Houston, Texas 77046; phone: (713) 527-8500; fax: (713) 527-8566
($ millions)
Total assets managed55
Asset mix:
Real estate equity100%
No. of portfolio managers3
Size of research staff1
Williams Partners, founded in 1990, seeks to invest in undervalued properties in markets that have experienced a recent downturn but are poised for recovery.
Key professionals at the firm, and their years of experience, are George M. Williams, managing partner and chief executive officer, 20 years; Martin E. Willis, partner, 24 years; and Carlton A. Brown, partner, 20 years.
Windward Asset
Management Inc.
94 Main St., Chatham, N.J. 07928; phone: (201) 701-1111; fax: (201) 635-8177
($ millions)
Total assets managed9
Asset mix:
Stocks70%
Fixed income20%
Cash equivalents10%
No. of portfolio managers2
Windward Asset Management Inc., founded in 1994, uses an active bottom-up, low p/e growth and value equity approach and active fixed-income approach.
The firm seeks companies whose stocks sell at below-average p/es but whose earnings growth rates are above average. Such companies must maintain strong balance sheets and provide above-average free cash flow yields. The firm typically invests in medium- and large-cap companies. The fixed-income portion of balanced portfolios uses a barbell approach to the investment-grade, intermediate-term sector of the market.
Key professionals at the firm, and their years of experience, are managing directors Isabella L. Hu, 12 years; and George C. Pierides, 13 years.
Woodford Capital
Management Inc.
400 Madison Ave., Suite 1401, New York, N.Y. 10017; phone: (212) 758-2205
($ millions)
Total assets managed225
Asset mix:
Stocks98%
Fixed income2%
No. of portfolio managers2
Size of research staff4
Woodford Capital Management Inc., founded in 1990, uses an active, bottom-up domestic growth approach.
The firm uses integrated in-house research, combining top-down and bottom-up analysis, to build well-diversified portfolios of 35 to 40 growth stocks.
Key professionals at the firm, and their years of experience, are Peggy Woodford Forbes, chairman, chief executive officer and chief investment officer, 15 years; and Michael E.S. Gayed, president and chief investment officer, 13 years.
Yield Enhancement
Strategists Inc.
1 Blue Hill Plaza, Pearl River, N.Y. 10965; phone: (914) 735-0152; fax: (914) 735-2414
($ millions)
Total assets managed166
Asset mix:
Fixed income68%
Cash equivalents20%
Mortgage-backed securities12%
No. of portfolio managers2
Size of research staff4
Yield Enhancement Strategists Inc., founded in 1990, uses a global fixed-income approach.
The firm seeks to generate stable, incremental return over any client-designated benchmark through an enhanced indexation approach, designed not to assume directional bias or currency risk. It uses quantitative risk-controlled measures.
The firm is affiliated with Yield Enhancement Strategist (BVI) Ltd. and Yield Enhancement Strategists Ltd.
Key professionals at the firm, and their years of experience, are Gary Pickholz, chief investment officer, 15 years; Shira Pickholz, chairman, 10 years; and Robert Kasten Jr., managing director, 16 years.
Zevenbergen Capital Inc.
601 Union St., Suite 2434, Seattle, Wash. 98101; phone: (206) 682-8469; fax: (206) 682-9625
($ millions)
Total assets managed248
Asset mix:
Stocks96%
Cash equivalents4%
No. of portfolio managers2
Size of research staff1
Zevenbergen Capital Inc., founded in 1987, uses an active, bottom-up growth equity approach and passive fixed-income approach.
The equity approach is based on the belief that earnings and revenues drive stock prices and quality management protects them. Portfolios are constructed with financially strong companies exhibiting above-average growth prospects.
Key professionals at the firm, and their years of experience, are Nancy A. Zevenbergen, president, 13 years; Brooke De Boutray, vice president, 18 years; and Cindi Schoettler, vice president, 11 years.
