The Sage Group Plc

Fundsmith is a fund management company established in 2010 by Terry Smith. The business is 100% owned and controlled by its partners, who have worked closely together over many years, and is headquartered in London with an office in Connecticut, USA. The investment process of the Fundsmith Equity Fund will be the only equity fund strategy that we employ and the Fundsmith Equity Fund is the main vehicle for Terry’s own investments.

LT is an active, risk-averse, value-oriented manager which targets absolute returns. They specializes in the discretionary management of UK, Global and Japanese equity mandates offered both through segregated accounts and pooled funds. The firm believes that durable, cash generative franchises are rare and undervalued by most investors for most of the time. LT find the majority of our candidate investments in a select group of broad industry categories. These are Consumer Branded Goods, Internet/Media/Software, Pharmaceuticals and Financials. Once the firm commits to a company, they are extremely reluctant to sell it, except on a significant breach of our valuation target or when the firm realizes that the premise for the investment is no longer valid. LT construct portfolios with a high degree of concentration (20-35 holdings) and unusually low turnover.

AIGSL is an active, research-oriented manager which invests in all major asset classes including equity, fixed-income, real estate and cash. They also have expertise in SRI and alternative investments. The firm manages equity funds and fixed-income funds, following long-only and hedged strategies. They specialize in UK-related markets and shares research globally throughout Aviva divisions. AIGSL employ a bottom-up investment process based on fundamental financial analysis and valuation, and informed by top-down macro-economic research. They select stock by focusing on favorable industry sectors and utilize a dividend discount model. Determinant criteria include return on assets, price-to-book ratio and a low historical price-to-earnings ratio.

President, Oc at Tech Coast Angels, Inc.

Executive Chairman & Founder at BlueVoyant LLC

Managing Director, New Ventures Group at Idealab Corp.