Eric M. Montemaggi

ABIM follows an investment philosophy referred to as 'flexible value.' They look for attractive price-to-value relationships in undervalued stocks of strong companies with good management. The emphasis is on individual stock selection, fundamental research and valuation flexibility without rigid constraints. Factors they assess may include management team, market position, business strategy, catalysts for change, attractive valuation and attention to shareholder interests. ABIM concentrates investments in those stocks that they believe offer the best potential return relative to possible risks. The portfolio managers retain investment positions for as long as the business fundamentals remain favorable and the valuations do not become excessive. They will sell or reduce holdings if business fundamentals deteriorate or if the price-to-value relationship becomes unattractive.

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.