Michael Kordovsky

AAM is an active, benchmark-insensitive investor and manages diversified portfolios invested globally across strategies and asset classes including commodities, derivatives and real estate. The firm aims to achieve absolute performance and bases investment decisions on a combination of both top-down and bottom-up strategies supported by fundamental research and the use of quantitative computer models. They conduct in-house research, but also use third-party analyses as well as research provided by their parent company. As a fixed-income investor they manage a wide range of securities including government bonds, corporate bonds, convertible bonds, money-markets and Emerging Markets/high yield bonds. As an equity investor the firm has significant holdings in US, European, Japanese and Emerging Markets securities, across sectors and market caps. AAM also manages an industry specific speciality fund focused on Nanoscience Opportunities.

PCV is an active investor and manages highly diversified portfolios invested in equity and fixed-income with a primary focus on securities issued by companies related to the real estate sector. The firm invests globally and has significant holdings in North American, European and Asia Pacific securities with a focus on liquid mid- to large-cap companies. They also manage international bonds and other fixed-income securities such as covered bonds and mortgage backed securities. A small portion of their portfolios is allocated to units of other investment funds or money-market instruments. PCV's investment approach is team-based and includes the use of long/short strategies. They conduct in-house fundamental research, also using third-party analyses

Security KAG seeks to generate asset allocation building blocks that add value from both a sustainable and an economic perspective. The firm makes their investment decisions based on empirically verifiable phenomena, taking opportunities and risks into account. Their investment process primarily relies on asset allocation following a top-down process based on in-house quantitative research.