W. Conrad Doenges

Ranger Investment Management LP (RIM) is a SEC-registered investment advisor headquartered in Dallas, Texas. The firm was founded by David Anthony and Sam Wyly in 2002. They are a subsidiary of Ranger Capital Group Holdings LP. RIM provides discretionary and non-discretionary investment advisory services to institutional investors such as mutual funds, private pooled investment vehicles, public and private pension plans, insurance companies, foundations, endowments, and high net worth individuals (which invest through Private Funds or Mutual Funds). RIM is a socially responsible investor and a signatory to the United Nations Principles for Responsible Investment (PRI).

Ranger Alternative Management LP (Ranger) is a registered investment advisor and hedge fund manager headquartered in Dallas, Texas. The firm was founded in 2008 and is a subsidiary of Sand Dollar Beach LLC. Ranger serves as a sub-adviser to and provides investment advisory services on a discretionary basis to the Ranger Equity Bear ETF (NYSE ticker: HDGE) (the Ranger ETF).

Founded in 1983, Brazos Capital Management, formerly John McStay Investment Counsel, is a registered investment advisor located in Dallas, Texas with an additional office in New York City. The firm is a subsidiary of AIG Global Investment Corp. and their ultimate parent is American International Group, Inc. (NYSE: AIG). The firm manages the Brazos Mutual Funds and provides a variety of domestic equity, growth-oriented investment services to institutional investors.

Newcastle Capital Management LP is a hedge fund that operates in the financial industry. The private company is based in Dallas, TX and has subsidiaries in the United States. The company was founded by Mark E. Schwarz, who has been the CEO since incorporation.

Friess Associates LLC is an independent, SEC-registered investment advisor headquartered in Greenville, Delaware. The firm was founded by Foster Friess in 1974. They provide portfolio management services to charitable/religious organizations, high net-worth individuals, retirement plans, investment companies, private investment funds and other private institutions.

A subsidiary of Bank of America Corp. (NYSE: BAC), Boston-based Bank of America Private Bank (BAPB) offers private banking and wealth management services.