This firm is made up of the following portfolio managers who offer years of extensive experience in managing portfolios.
Matthew Bowyer
Matthew Bowyer is a Director, Global Equity Fund Management Team, RCM London. Prior to joining RCM in 2004,
he was a consultant to the CIO of BNP Paribas Asset Management and previously he worked at
Citigroup Asset Management from 1985 until 2002 where he was responsible for over $4
billion in global, EAFE and global sector mandates. He graduated from Harvard College in 1981
with a BA in Economics and the London School of Economics in 1982 with an MSc in
Economics. He began his investment career in 1985.
Huachen Chen, CFA, joined RCM in 1984. Huachen is a Senior Portfolio Manager on the RCM Global Technology Team. He covers many sectors within technology, as well as the electrical equipment and multi-industry areas. Since 1990, he has had extensive portfolio responsibilities for technology and capital goods stocks and has managed U.S. and Global portfolios across all capitalization together with Walter Price. In 1994 Huachen became a principal of RCM. Prior to RCM, he worked for Intel Corporation from 1980 to 1983, where he had responsibilities for semiconductor process engineering. He received his BS in Materials Science and Engineering from Cornell University, MS in Materials Science and Engineering from Northwestern University, and MBA from the University of California, Berkeley.
Adam D. Compton joined RCM in 2003. He is Director and Senior Research Analyst/Sector Fund Manager of Financial Services. Adam is responsible for large and mid cap U.S. Regional Banks, as well as some diversified financial companies. He has held analyst positions at Morgan Stanley, Keefe Bruyette & Woods, and Montgomery Securities, as well as a research associate position at Smith Barney. In addition, he spent over three years as a bank regulator in the early 1990s. He received his BA, Cum Laude, from Houghton College and his MBA, with distinction, from Cornell University.
Michael Dauchot
Mr. Dauchot, a CFA, rejoined RCM in 2005 as Senior Analyst and Portfolio Manager of Allianz RCM Wellness Fund. Michael first joined RCM in 1999, and served as a Senior Analyst and Sector Fund Manager in the health care group, focusing on medical technology and emerging pharmaceuticals. Prior to RCM, he was a junior analyst in the healthcare industry at BancBoston Robertson Stephens, where he also specialized in medical technology and diagnostic companies. He graduated from Case Western Reserve University, Phi Beta Kappa and Magna Cum Laude, with a degree in Chemistry before earning his M.D. from the University of Cincinnati College of Medicine. Dr. Dauchot earned his M.B.A. from the Kellogg School of Management at Northwestern University.
Michael Dauchot manages these investment products:
Raphael L. Edelman joined RCM in late 2004. Ray is Director and Co-Chief Investment Officer of the U.S. Large-Cap Core Growth Equity Portfolio Management Team and a voting member of the Private Client Group Equity Portfolio Management Team. Prior to joining RCM, he spent 20 years at Alliance Capital Management. Ray began his investment career in 1984 as an analyst in Alliance's research department specializing in the consumer products and services sector. Ray was one of the developers of the Disciplined Growth Large Cap equity product in 1988 and moved to San Francisco in 1992 to manage institutional portfolios from that office. Ray has an MBA in Finance from New York University and a BA in History from Columbia College.
Raphael Edelman manages these investment products:
Andreas Fruschki is a member of the Sustainability Research team and is the lead portfolio manager of the Allianz RCM Global Water fund and the deputy fund manager for EcoTrends. Andreas joined RCM's European Equity Research department in 2007 after completing the RCM global graduate program. Prior to this, Andreas worked as a legal trainee with positions at the Berlin Supreme Court of Appeal, PriceWaterhouseCoopers, the German Chamber of Commerce and Berlin's City Development Department, passing the Judicial Bar Exam in 2004. Additionally, he also worked as a consultant in the corporate finance practice at PriceWaterhouseCoopers in Hamburg. Andreas graduated with distinction from the MBA program at the University of Western Sydney and holds a law degree from Humboldt University in Berlin. He is also a CFA candidate.
Andreas Fruschki manages these investment products:
Peter Goetz, Director and Portfolio Manager on the U.S. Large Cap Core Growth Equity Portfolio Management Team , joined RCM in 1999. Earlier he worked as a vice president and senior portfolio manager at Bank of America Private Asset Management in Newport Beach, Calif. He received a B.A. in Economics from the University of California, Irvine and an M.B.A. from the University of Southern California. Peter is a member of the Security Analysts Society of San Francisco and CFAI.
Todd G. Hawthorne has been vice president equity derivatives strategy, since joining RCM in 2006. Prior to joining the firm, Todd spent four years with RS Investments as the Head of Equity Derivative Strategy for the Paisley hedge fund family. Todd was also a generalist stock analyst covering primarily alternative energy and coal for the mid-cap and small-cap growth teams. Todd’s investment career began in 1997, where he was an equity derivative sales trader with Nat West and Deutsche Banc. Todd later became a Vice President of Equity Derivative Sales Trading at Deutsche Banc. He received his MBA from the Anderson School at UCLA and his BA from The Colorado College.
Todd G. Hawthorne manages these investment products:
Joanne L. Howard, CFA, joined RCM in 1992. Joanne is Co-CIO of the U.S. Large-Cap Core Equity Portfolio Management Team and a voting member of the Private Client Group Equity Portfolio Management Team. Joanne was CIO of RCM's Private Client Group from 1996 to 2002. Prior to joining RCM, she spent 17 years with Scudder, Stevens & Clark, where she became a Managing Director and served as senior member of the Scudder Quality Growth Equity Management in the San Francisco office. Joanne began her investment career in Chicago in 1964 as a junior security analyst with the First National Bank of Chicago, and then as an industry analyst with CNA Financial. In 1968, she joined ISI Corporation in San Francisco where she became Director of Research. In 1972, she was vested with the responsibility for managing equity mutual funds with assets of $300 million for the American Express Investment Management Co. Joanne has been president of both the Security Analysts of San Francisco and the Financial Women's Association of San Francisco. She is a graduate of the University of Wisconsin with a BBA (Phi Beta Kappa) and an MBA in finance.
Joanne L. Howard manages these investment products:
Mr. Hunt has been an analyst for RCM's Healthcare team since 2004. Previously, he spent three years at SG Cowen & Co., where he served on the firm's Investment Policy Committee in addition to his research analyst responsibilities. He has also worked for Thomson Financial/Carson. Mr. Hunt received his B.A. from Stanford University (High Honors), and earned his M.Sc. in International Relations (Distinction) from the London School of Economics and Political Science.
Ms. Jankowska is Team Head of Sustainability Research at Allianz Global Investors Advisory GmBH (AGIA) and RCM (U.K.) Ltd. She joined AGIA in 2006 and RCM (U.K.) in 2000. She is based in London and heads the firm's Sustainable Research team in London and Frankfurt. She is responsible for RCM (U.K.)'s sustainable investment policy and strategy, client servicing and extra-financial research. Prior to joining RCM (U.K.), she worked for the construction firm, John Laing Plc as their Business and Environment Adviser developing and implementing corporate sustainability policy and strategy. She graduated from the University of Sussex with a B.Sc. (Hons) in Environmental Science and earned an M.Sc. in Environmental Technology with Distinction, from Imperial College of Science, Technology and Medicine, specializing in Business and Environment.
Bozena Jankowska manages these investment products:
Ara J. Jelalian, CFA, joined RCM in 1998. Ara is a Director and Senior Portfolio Manager of International Equity/Global Asset Allocation at RCM. In addition, he also manages the firm's global balanced product. Prior to RCM, Ara spent seven years with Capital Resources (formerly SEI Capital Resources), where he held positions as Managing Director of Research and Director of International Research. Prior to SEI, Ara spent seven years as an International Economist with First Chicago Corporation, where he analyzed and forecasted macroeconomic and financial trends in the major industrialized countries and consulted the bank’s clients and money management group (now UBS Brinson) on international markets. Ara received both his BA with special honors in economics (thesis advisor Nobel prize winning economist) and his MBA from the University of Chicago. He is also a CFA charter holder.
Ara Jelalian manages these investment products:
Steven Klopukh, CFA, joined RCM in 2002. Steven is responsible for managing U.S. mid-capitalization growth and core equity portfolios. His initial role was as an equity analyst and assistant portfolio manager on the mid-cap equity team, and was promoted to his current position in 2004. Prior to joining RCM, Steven was a Vice President and fundamental equity analyst at CDC Investment Management Corp, and was involved in managing its quantitatively-enhanced, risk-targeted large cap core and market-neutral equity strategies from 1999 to 2001. Steven began his career in 1993 as a sell-side equity research associate analyst at Ryan, Beck and Co., where he covered small- and mid-sized banks and thrifts. Following business school, Steven rotated through the investment banking associate program at Morgan Stanley, Dean Witter from 1997 to 1998, where he was involved in M&A, debt and equity capital raising, and consumer products corporate finance. Steven earned a MBA with honors from the University of Chicago and graduated Magna Cum Laude from Fairleigh Dickinson University in 1992. He holds a CFA charter since 1997, and co-authored “Integrating EVA into the Investment Management Process,” Value Based Metrics: Foundations and Practice, edited by J. Grant and F. Fabozzi.
Steven Klopukh manages these investment products:
Louise M. Laufersweiler, CFA, joined RCM in 1982. Louise has senior portfolio management responsibilities for both mid- cap and small-cap equity strategies. She is CIO for RCM Mid-Cap and Deputy CIO for RCM U.S. Small-Cap. Previously, Louise managed large-cap equity portfolios at RCM for several years. She also worked for five years in the RCM research department as an associate in the financial services and cyclical sectors. Louise began her investment career in 1980 at Hambrecht and Quist in San Francisco, where she followed health care service and medical technology companies. Louise received her B.A. from Chatham College in Pittsburgh, Pennsylvania, where she graduated Phi Beta Kappa, and her M.A. from Northwestern University. She completed her C.F.A. designation in 1986 and is a member of the Security Analysts of San Francisco.
Louise M. Laufersweiler manages these investment products:
Lucy MacDonald is CIO of Global Equities, RCM London. Prior to joining RCM in 2001, she was a Director
and Senior Portfolio Manager at Baring Asset Management. She graduated from Bristol
University in 1984, and is an Associate of the Society of Investment Professionals (ASIP).
She has 22 years of investment industry experience.
Scott Migliori, a CFA charter holder who joined RCM in 2003, is currently a managing director and deputy chief investment officer as well as CIO of the firm’s U.S. large cap select growth and focused growth strategies. Before joining RCM, he was a senior co-manager of over $2 billion in large cap growth portfolios with Provident Investment Counsel, Inc. Prior to his investment career, he served as a business litigation attorney, designing and implementing legal strategies for multi-million dollar business litigation cases. He received his B.S. in accounting from the University of Southern California, his J.D. from the Boalt Hall School of Law at the University of California, Berkeley, and his M.B.A. from the Anderson School at the University of California, Los Angeles.
Scott T. Migliori manages these investment products:
Sueng Minn is a Director, Global Equity Fund Management Team, RCM London. Prior to joining RCM in
1998, he was a portfolio administrator at Flemings. He graduated from the University of
Portsmouth in 1996 with a BA (Hons) in Financial Services. He has 12 years of
investment industry experience.
Mr. Painvin, a chartered financial analyst, joined RCM in 2000. He is currently a director and portfolio manager on the U.S. large cap equity portfolio management team. Prior to joining RCM, he spent three years with Wachovia Asset Management. He also has a background in public and corporate accounting, including a finance/tax internship with the Kellogg Company. He earned his B.A. in accounting from Flagler College and his M.B.A. in finance from Wake Forest University.
Walter C. Price, Jr., CFA, is a Managing Director at RCM, and a Senior Analyst and Portfolio Manager on the RCM Global Technology Team. He received his B.S. with Honors in electrical engineering from M.I.T. and his B.S. and M.S. in management from the Sloan School at M.I.T. In 1971 he joined Colonial Management, an investment advisory firm in Boston, where he became a senior analyst responsible for the chemical industry and the technology area. He joined RCM in 1974 as a senior securities analyst in technology and became a principal in 1978. Since 1985, he has had increasing portfolio responsibility for technology stocks and has managed many technology portfolios. Walter is a current Director and past president of the M.I.T. Club of Northern California. He also heads the Educational Council for M.I.T. in the Bay Area and is a past Chairman of the AIMR Committee on Corporate Reporting for the computer and electronics industries.
Walter Price, Jr. manages these investment products:
Thomas J. Ross joined RCM in San Francisco in March 2001. Mr. Ross is Director and CIO and has senior portfolio management responsibilities for both the U.S. and International Small-Cap strategies. Prior to transferring to RCM in San Francisco, Thomas was a senior analyst and portfolio manager with Dresdner Bank's dit subsidiary in Frankfurt for 10 years, managing a variety of global portfolios, including the dit Technology, Multimedia, Software, and Biotechnology Funds. Each portfolio held considerable allocations to U.S. equities. Mr. Ross's investment experience began in 1982 and includes working as a U.S. equity analyst and portfolio manager at several large financial institutions in the U.S. and Europe. He has significant experience managing smaller cap securities, with their trademark liquidity constraints and limited sponsorship, in U.S. and European markets. Thomas received his undergraduate degree from Cornell College and his Masters of International Management from the American Graduate School of International Management (Thunderbird) in 1980.
Thomas J. Ross manages these investment products:
Mr. Schofield is Fund Manager within the Global Equity Team at Allianz Global Investors Advisory GmBH (AGIA) and RCM (U.K.). Mr. Schofield joined AGIA in 2006 and RCM (U.K.) in 1998 as a member of the Institutional Client Services team before transferring to the firm's Global Equity fund management team. Prior to joining RCM (U.K.), he was with Fleming Investment Management as a Fixed Income Fund Administrator and prior to that he was with Lombard Odier International Portfolio Management Limited as an investment administrator. He holds a B.A. (Hons.) in Financial Services from the University of Portsmouth.
Mr. Stabler, a chartered financial analyst, joined RCM in 2000. A product specialist, Mr. Stabler is the principal liaison between RCM’s portfolio managers and the client relations and marketing team. He joined RCM from Wells Capital Management, where he worked with institutional plan sponsors as vice president and principal. He also headed the global credit risk unit for financial institutions at Westpac Banking Corporation in Sydney, Australia. He holds a B.A. in finance and international business from Miami University.
Jeffrey Stabler manages these investment products:
Paul D. Strand, CFA, joined RCM in 2003. Paul is Director, Research Analyst and Sector Head of Resources where he is responsible for integrated oil, oil and gas production, oil services, independent refiners, and coal within the energy sector. Prior to joining RCM, he worked as a Senior Equity Analyst at Advantus Capital Management, covering energy and consumer staples. He also held a Portfolio Analyst position at Dain Rauscher. Before joining the investment profession, he was an Officer and Aviator in the U.S. Navy. Paul received his BS in aerospace engineering from University of Minnesota, and his MBA from National University.
Paul D. Strand manages these investment products:
Ken H. Tsuboi, CFA, joined RCM in 1996. Ken joined the Health Care team in 2000, where he is currently Director and Senior Research Analyst. His cover universe includes pharmaceuticals and healthcare services. Additionally, Ken heads up our Global Healthcare Team. Previously, Ken was an Asset-Backed Analyst for RCM's fixed income team, where he was responsible for the implementation, strategy, and evaluation of all asset-backed products. Prior to RCM, Ken was a Senior Portfolio Strategist at Payden & Rygel, where he managed over $2 billion in corporate and asset-backed securities. Ken began his career in 1987 with Morgan Stanley as an institutional salesperson in the international fixed income division. He worked in both the New York and Tokyo offices, where he was responsible for covering major Japanese financial institutions. Ken earned his B.A. in Biochemistry at University of California, Berkeley, and his M.B.A. from the Anderson School of Management at University of California, Los Angeles.
Mr. Wagner, a CFA, joined RCM in 2006 and is currently co-portfolio manager and research analyst in biotechnology. He previously worked at PDL BioPharma as vice president and senior equity research analyst in biotechnology at Lehman Brothers. Paul has a Ph.D. in Chemistry from the California Institute of Technology and a B.S. in Chemistry from the University of Wisconsin.
Paul A. Wagner manages these investment products:
Investors should consider the investment objectives, risks, charges and expenses of any mutual fund carefully before investing. This and other information is contained in the fund´s prospectus and summary prospectus, if available, which may be obtained by contacting your financial advisor. Click here for a complete list of the PIMCO Funds and Allianz Funds prospectuses and summary prospectuses. Please read them carefully before you invest or send money.
This is not an offer or solicitation for the purchase or sale of any financial instrument. It is presented only to provide information on investment strategies and opportunities. The material contains the current opinions of the author, which are subject to change without notice. Statements concerning financial market trends are based on current market conditions, which will fluctuate. References to specific securities and issuers are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations to purchase or sell such securities.
* Allianz RCM Global EcoTrendsSM Fund is an interval fund, a type of closed-end fund that limits when investors can sell shares, in part, to give the manager more flexibility in managing the underlying assets. Interval funds have limited liquidity because they provide periodic repurchase offers rather than daily redemptions, and they are not publicly traded. However, shares of the Fund are continuously offered and available for daily purchase at net asset value, plus the applicable sales charge. Allianz Global Investors Fund Management (AGIFM) serves as the investment manager of the Fund. AGIFM retains its affiliate, RCM Capital Management LLC (RCM), to manage the Fund’s portfolio and RCM, in turn, retains its affiliate, Allianz Global Investors Advisory GmbH (AGIA) to conduct the day-to-day portfolio management of the Fund. The Fund’s distributor is Allianz Global Investors Distributors LLC.
GrassrootsSM Research is a division of RCM. The information and opinions expressed are based on facts and other information received from reporters and field force investigators who work as independent contractors for broker/dealers who supply research to RCM and certain of its affiliates that is paid for by commissions generated by orders executed on behalf of RCM's clients.