Nick founded Alpine Investment Management, LLC in 1999 and developed its core investment philosophy and research process. He has been the lead portfolio manager of the firm’s primary Equity Quality Return strategy since its inception in 2000 as well as portfolio manager for its Multi- Strategy Quality Return (MQR) Fund. Prior to forming the firm, Nick was a portfolio manager at Mercantile Bank. He has a BA from Southern Methodist University in Dallas, Texas and has attained the Chartered Financial Analyst® (CFA®) designation.

Willem Schilpzand, CFA. Mr. Schilpzand is a Portfolio Manager for ACR Alpine Capital Research, LLC. Mr. Schilpzand joined ACR in 2010. Mr. Schilpzand’s prior experience includes positions with MFS International in London in 2009, East Coast Asset Management in 2009, Merrill Lynch from 2005 to 2008 and IBM from 2003 to 2004 in both the U.S. and Europe. Mr. Schilpzand earned his MBA from the Columbia Business School in New York and earned his BBA, Magna Cum Laude, in International Business from the University of Georgia. Mr. Schilpzand has attained the Chartered Financial Analyst designation and is a dual citizen of the Netherlands and the U.S.

Tim Piechowski, CFA. Mr. Piechowski is a Portfolio Manager and Senior Analyst for ACR Alpine Capital Research, LLC. Mr. Piechowski joined ACR in 2010. Prior to joining ACR he was a Research Associate at Brandes Investment Partners in San Diego from 2007 to 2009, where he analyzed banks, thrifts, insurers and holding companies on a global basis. Mr. Piechowski holds a JD from Saint Louis University School of Law and earned a BSBA with concentrations in Finance and Accounting from the McDonough School of Business at Georgetown University. While at Georgetown, Mr. Piechowski held internships with Credit Suisse, the Allied Irish Banks, and the Griswold Company, a direct access broker on the floor of the NYSE. Mr. Piechowski is a member of the Missouri Bar and has attained the Chartered Financial Analyst designation.

Mr. Unferth is a Portfolio Manager for ACR Alpine Capital Research, LLC. Mr. Unferth joined ACR in January 2017. Prior to joining ACR, he co-founded Alder Hill Management, a cross-capital structure hedge fund, and previously spent five years as a Portfolio Manager at CQS where he was head of distressed debt strategies. Mr. Unferth has also served as a Principal at Columbus Hill Capital Management, a Portfolio Manager at Metropolitan West Asset Management and a Managing Director in the Leveraged Finance Group at Credit Suisse. He holds an MBA in Finance from the University of Rochester and a BA in Economics from the University of North Carolina at Chapel Hill.