Stephen M. Wellman

Liberty Ridge Capital, Inc., the investment adviser to PBHG Funds, was founded in 1982 by Gary L. Pilgrim to provide investment management for institutional clients. Based in Wayne, Pennsylvania, the firm is the investment adviser for pension and profit-sharing plans, charitable institutions, corporations, trusts, estates and other investment companies. Liberty Ridge is a subsidiary of Old Mutual Capital, Inc., which is owned by Old Mutual PLC (LSE: U.OML), an international financial services firm.

CMS Cos. operates as an investment company. It provides asset allocation and intergenerational planning services. The firm designs personalized asset allocation strategies for the development of model portfolios; calculates asset class weightings, which incorporate individual goals and objectives; computes optimal amount and mix of investments; and evaluates the impact of investments selected. The company was founded by Mark I. Solomon in 1969 and is headquartered in Wynnewood, PA.

Deloitte & Touche LLP engages in the provision of audit, advisory, financial advisory, tax, and consulting services. The company was founded on March 7, 1995 and is headquartered in New York, NY.

Founded in 2010, Echo Point Investment Management LLC is a registered investment advisor located in West Conshohocken, Pennsylvania. The firm is subsidiary of Old Mutual (US) Holdings, Inc. and their ultimate parent is Harbinger Capital Partners LLC. Echo Point manages portfolios for institutional and sub-advisory clients in the US and Canada.