Fred Lee, CFA, as the Head of Portfolio Construction & Quantitative Research within the MMS team since January 2009, oversees the portfolio construction process in determining the specific allocations to individual managers. He also leads the team responsible for the quantitative assessment of managers. Mr. Lee is located in the London office of UBS AM, which he joined in 2006 as a Risk Analyst where he provided risk assessment and monitoring for all client portfolios and enhanced proprietary risk models. Prior to joining UBS AM, Mr. Lee worked as a consultant for MSCI Barra providing advice to large investment managers across Europe on the interpretation and use of risk models and analytics.

Andrew Kurita is the Founder of Kettle Hill and has served as a Portfolio Manager since Kettle Hill's inception in 2003. Prior to this role, Mr. Kurita was a Vice President at Andor Capital Management, LLC, where he covered the industrial sector for the Diversified Growth Fund . From 1996 to 2001, Mr. Kurita worked at Cramer Rosenthal McGlynn, LLC, where he was a Vice President and Analyst on hedge fund and small cap value products. Mr. Kurita is a CFA charterholder with more than 23 years of small cap and hedge fund investing experience. Mr. Kurita graduated cum laude with honors with a B.A. in Economics from Williams College in 1995.

Mayoor Joshi is an Analyst within the MMS team, focusing on equity investment strategies. Mr. Joshi is part of the team responsible for manager selection, due diligence, portfolio construction, risk management, investment oversight, and performance of equity portfolios. Mr. Joshi joined UBS AM in April 2014. Previously, he was a Managing Director at Rocaton Investment Advisors, an institutional investment consulting firm, for seven years focusing on manager research.

Ian is head of Multi-strategy funds, responsible for leading our Multi-strategy investment team and co-managing the AIMS Target Return fund. Ian has a longstanding association with the AIMS franchise and played a key role in its growth after joining Aviva Investors in 2014, particularly as portfolio manager on AIMS Target Return and in developing the House View as head of investment strategy.

Ran has 19 years of experience covering utilities, alternative/renewable energy, traditional energy, infrastructure, and capital goods. In October 2023, Ran became Managing Partner and CIO of Electron Capital. He joined Electron Capital Management in June 2005 as an Analyst after graduating from Columbia University with an MA in Statistics in May 2005 and moved with the team to SAC Capital Advisors in 2008, where he covered Asian utilities, traditional energy, capital goods and global alternative/renewable energy. Ran was born and raised in Beijing, China, where he received a BS in Mathematics and Applied Mathematics from Tsinghua University in July 2004. Ran is a two-time Bronze medalist in China’s National Olympic Mathematics Competition. He is fluent in English and Mandarin Chinese.

Neil joined the team at SAC Capital Advisors in June 2010 as a Senior Analyst covering the US utility sector. Neil has 28 years long/short experience. Prior to joining SAC, he worked as an Analyst in the Global Equities division within Citadel Investment Group, where he covered utilities, gas pipelines and independent power companies, and before that at Pequot Capital Management for approximately two years, as part of a team managing the firm’s long-short US utility portfolio. Before joining Pequot, Neil was a sell-side analyst for nine years at Goldman Sachs, where he covered US utilities. Neil graduated magna cum laude from The Wharton School in 1995 with a BS in

Suhail is Fulcrum’s Chief Investment Officer and an executive on the Management Board. He joined Fulcrum in 2005 and is the portfolio manager of Fulcrum’s Discretionary Macro and Diversified Absolute Return strategies. Prior to joining Fulcrum, Suhail spent five years in the Investment Management Division at Goldman Sachs, focusing on macro asset allocation. Suhail has a BSc in Management from the London School of Economics & Political Science (2000) and he has been a CFA charterholder since 2003.

Gavyn is a Founder and the Chairman of Fulcrum. Prior to Fulcrum, Gavyn was Chairman of the BBC from 2001. He joined Goldman Sachs in 1986 and became Partner in 1988 when he also became the Chief Economist as well as Chairman of the Research Department until he left in 2001. Gavyn was a member of H.M.Treasury Independent Forecasting Panel (1992-1997). He joined the Government’s Policy Unit as an Economist (1974) and was an Economic Policy Adviser to the British Prime Minister (1976-1979). Gavyn graduated in Economics from Cambridge in 1972 followed by two years of research at Oxford.

Andrew is our Fixed Income Strategist. Before joining Fulcrum in 2006 he spent eleven years as Managing Director and Head of Global Markets Research at Goldman Sachs. Prior to this, Andrew was Managing Director and Head of the Financial Analytics Group at Bear Stearns. Andrew graduated from Reading University with a BA in Economics (1978). He subsequently gained PhDs in Monetary Economics (1986) and Theology (2002).

Fawaz is Fulcrum’s Head of Equities and an executive on the Management Board. He joined Fulcrum in 2017 and is the portfolio manager for Fulcrum’s Thematic Equity Market Neutral, Horizon, Artificial Intelligence & Innovation and Climate Change funds. Prior to joining Fulcrum, Fawaz spent over fifteen years developing his long-term, thematic investment approach, including at Hadron Capital and Moore Capital. Fawaz holds M.Eng. and B.S. Electrical Engineering and Computer Science, B.S. Management Science – Finance from the Massachusetts Institute of Technology and MBA in Finance from London Business School.

Sean H. Reynolds, Managing Director of Lazard Asset Management LLC, is a Portfolio Manager/Analyst on the Investment Manager’s capital structure and convertibles-based teams. Prior to joining Lazard in 2007, Mr. Reynolds was a portfolio manager for convertible arbitrage strategies at SAC Capital Management from April 2003 to August 2006 and, subsequent to this, senior portfolio manager at Sailfish Capital Partners' G2 Multistrategy Fund.

Frank Bianco, CFA, Director, Portfolio Manager/Analyst, is a Portfolio Manager/Analyst for all capital structure and convertibles-based strategies. He began working in the investment field in 1991. Prior to joining Lazard in 2009, Mr. Bianco was a Portfolio Manager and Head of Credit Research at Argent Funds Group LLC, where he oversaw domestic and international convertible bond, high yield and equity derivative portfolios. Prior to that, Mr. Bianco was a senior research analyst at McMahan Securities Co. L.P., covering the Biotechnology and Healthcare sectors. Previously, he was a senior research analyst in the Credit Risk Management division of the Federal Reserve Bank of New York. Frank started his career as a credit analyst at American International Group. Mr. Bianco has a BA in Economics from Ohio Wesleyan University. He is a member of the New York Society of Security Analysts (NYSSA) and holds FINRA Series 7, 86 and 87 licenses.