David M. Earnest

MFS focuses on identifying businesses with durable, long-term value through their active investment platform. The firm uses various methods to evaluate securities, including fundamental analysis and quantitative analysis.

MNA offers equity, fixed income and objectives-based portfolios that invest mainly in stocks and bonds, including US and non-US issuers, and various market caps. The firm primarily employs a fundamental approach to equity selection, with decisions being driven by either top-down or bottom-up research.

PCM seeks to maximize after-tax capital appreciation by assuming high levels of risk in an aggressively managed portfolio of securities. There are no restrictions on the type of instruments in which they may invest, although PCM invests primarily in publicly traded equity securities, as well as options, warrants, and swaps related to equity securities.

Provides brokerage services

Operates an independent broker dealer

Functions as a College/University

Functions as a College/University

Folger Hill Asset Management's Funds seek to consistently generate attractive, risk-adjusted returns in all market environments while preserving investor capital. Folger Hill attempts to achieve this objective by allocating the assets of the Master Fund to the discretionary investment authority of their portfolio managers and investment teams that employ long/short equity and related investment strategies. These strategies are not limited with regard to sector, market capitalization, geography, or style. In addition to equities and equity indices, Folger Hill invests in foreign and domestically traded preferred stocks, warrants, fixed income instruments, options, futures, and other derivatives and financial instruments to supplement their investment strategies. The SMAs managed by Folger Hill seek to realize maximum capital appreciation, consistent with the client’s specified guidelines by trading in certain equity securities, futures contracts, options contracts, and other products. Folger Hill's Funds and SMAs (“clients”) invest on both a cash and synthetic basis and take short positions for both speculative and hedging purposes. Folger Hill may cause clients to incur significant leverage in executing the Funds’ investment strategies through both cash and synthetic borrowings, as well as a result of any leverage embedded in derivatives they trade. Folger Hill Asset Management LLC, the general partner of FHAM US, established Folger Hill Asset Management (Hong Kong) Ltd. (FHAM HK), a company incorporated in Hong Kong and licensed with the Hong Kong Securities and Futures Commission, to conduct Type 9 (Asset Management) regulated activities. FHAM HK employs multiple portfolio managers who primarily invest in the Asian markets. FHAM US has engaged FHAM HK as a sub-advisor with respect to the SMAs, and to a portion of the capital of the Master Fund.