Eric Elbell

Fenimore is a bottom-up manager that seeks to invest in companies that are well managed, financially sound and that are considered to be undervalued in the marketplace. Their investment philosophy is based on the premise that securities should be selected for sound economic principles. In general, this means that stocks are selected for client portfolios based on their potential for economic growth, market recognition and capital gain while fixed income securities are selected based on their potential for financial stability and payment of all interest outstanding and return of principal in an unencumbered fashion.

Independent Fiduciary Services (IFS) provides three primary product/service lines of service including retainer investment consulting, operational review/fiduciary audit projects and fiduciary decision-making transactions. IFS structures and monitors institutional investment programs including: (1) analyzing and proposing asset allocations (2) controlling investment risk and expenses (3) selecting investment managers (4) measuring and evaluating investment returns (5) analyzing non-traditional investments including private equity, hedge funds and real estate and (6) instituting investment best practices and prudent procedures. Though not limited by sector, Independent Fiduciary Services tends to invest in the stocks of US small-cap and large-cap companies in the process industries, non-energy minerals and finance sectors.

Gallagher utilizes different methods of analysis and investment strategies. Their asset allocation and investment evaluation work span quantitative as well as qualitative considerations. They work with clients to establish a long-term, strategic asset allocation at the “total portfolio level” that is based on a deliberate and evaluative review of the client’s investment objectives, risk tolerance and other relevant information to form a sound foundation for the overall investment program and a road map for implementing investment strategies.

SERS maintains an intermediate to long–term investment horizon (5 to 10 years) with due consideration of the characteristics of the fund’s liabilities and liquidity requirements. The objectives of the fund are to provide benefit payments to participants and beneficiaries at the lowest cost to the Commonwealth of Pennsylvania and to fund the program through a carefully planned and executed investment program. The fund seeks to produce the highest return on investment that is consistent with acceptable investment risks and sufficient liquidity that allows the fund to meet SER's benefit obligations, and secondarily, to control the cost of the fund to the taxpayers.

Provides brokerage services

Functions as a College/University

Functions as a College/University