Mr. Stevens, CFA, is Chairman ,SPM and Principal, co-founded Los Angeles Capital since 2002. He is responsible for setting the firm’s strategic goals and is also an integral member of the firm’s Portfolio Management team. Prior to co-founding the firm, he was a senior managing director and principal at Wilshire Associates. He joined Wilshire in 1980. In 1986, he assumed responsibility for Wilshire Asset Managemen. Prior to joining Wilshire, he worked for the National Bank of Detroit as a portfolio manager and was primarily responsible for major pension fund client relationships.

Hal Reynolds is Vice Chairman and Senior Portfolio Manager at Los Angeles Capital. He is also a member of the Board of Directors and the Investment, Management, and Portfolio Review Committees of the Firm. Hal served as Chief Investment Officer for Los Angeles Capital and LACM Global, as well as Chair of the Firm’s Investment Committee from 2002 until June 2025. Since co-founding Los Angeles Capital in 2002, Hal has worked closely with the Research team to develop Investor Preference Theory®, Los Angeles Capital’s Dynamic Alpha Stock Selection Model®, and the Forward Attribution® process for developing forwarding looking expected factor returns. Hal offers guidance on key projects to enhance the stock selection, portfolio construction, and trading processes, works closely with clients, and provides leadership on strategic initiatives for the Firm, including in the areas of research and product development. As a member of the Portfolio Review Committee, Hal also works with senior members of the Portfolio Management team to establish key parameters for portfolio construction and rebalancing, as well as to develop procedures for monitoring and controlling portfolio risk. Prior to Los Angeles Capital, Hal was a managing director and principal at Wilshire Associates. Hal joined the consulting division of Wilshire Associates in 1989 where he served as a senior consultant to large ERISA plans. He also designed Wilshire Compass, Wilshire’s asset allocation and manager optimization technology for plan sponsors. In 1996, Hal began consulting for Wilshire Asset Management where he helped develop the Dynamic Alpha Model, which developed into Los Angeles Capital’s Dynamic Alpha Stock Selection Model®, and other quantitative long/short applications for Wilshire Asset Management. In 1998, he joined Wilshire Asset Management as Chief Investment Officer.

As CEO and President, Dan is responsible for implementing the Mission, Vision and business strategies across the organization. Dan is also a senior member of the Portfolio Management team, involved in developing global equity applications for clients along with servicing key relationships. Dan is a member of Los Angeles Capital’s Board of Managers and Investment Committee, and chairs the Management Committee. He also serves on the Board of Directors of Los Angeles Capital Global Funds plc and is Director of LACM Global, Ltd. Prior to joining Los Angeles Capital, Dan was a senior managing director and board member of Wilshire Associates. For more than twenty years, Dan held senior positions at Wilshire. Dan began in the Equity Management division and worked with several members of the Los Angeles Capital team. Dan assisted 100+ institutional money managers in applying risk models, performance attribution, and portfolio optimization techniques to their equity portfolios. Dan returned to Wilshire’s Consulting division to advise international investors and to head the firm’s international manager research. In 1998, Dan moved to Europe and spent the next decade leading Wilshire’s Private Markets group’s asset management activities in the region. In this capacity, he was responsible for sourcing and evaluating private equity opportunities while serving on the Global Investment Committee. Dan returned to Los Angeles in 2008 as a Management Committee member of the Private Markets group. Dan joined Los Angeles Capital in 2009.

Mr. Daniel Arche serves as a Senior Portfolio Manager, Managing Director & Investment Committee Member at Los Angeles Capital Management and Equity Research. As a Portfolio Manager, Mr. Arche is responsible for select client relationships and managing their accounts in accordance with Los Angeles Capital's investment philosophy and process. Mr. Arche works to ensure that portfolios reflect the investment outlook of the Model and that portfolios are operating within expected risk tolerances and guidelines. He recommends changes to portfolio parameters that will enhance return and better control risk. In addition, Mr. Arche is a day-to-day contact for clients for any questions that arise and is a primary contact for routine information requests. Mr. Arche is a member of the Firm's Investment Committee which is comprised of senior members of the investment team and is responsible for overseeing all decisions regarding improvements to the investment process. Mr. Arche is also a member of the Portfolio Review Committee which meets monthly to review portfolio performance and compliance with investment guidelines.