Ryon is an investment analyst with 10 years of investment experience. He concentrates on corporate and sub-sector strategies and company credit research. He is also responsible for determining relative valuation parameters.

Previously, Ryon was with BB&T Capital Markets where he was a Vice President and supervisory credit analyst. He is a Chartered Financial Analyst. Ryon received a BS in Architecture from the University of Virginia, and an MBA from the University of Maryland.

Bill is a member of Agincourt's investment team and is a portfolio manager with over 20 years of investment experience. He focuses on the mortgage market as well as quantitative portfolio analytics and structured finance. His research responsibilities include the MBS/ABS market, real estate investment trusts, and special situations. He has client service duties, and is a shareholder of the firm.

Previously Bill was a quantitative analyst for Salomon Brothers where he focused on mortgages, structured finance, and derivatives and prior to that managed a mortgage mutual fund for NCNB. He joined Sovran Capital Management in January 1997 as a Senior Vice President/Portfolio Manager. Bill is a Chartered Financial Analyst. He received a BS in Accounting from Pennsylvania State University and an MBA from Case Western Reserve University.

Shannon is an investment analyst with 6 years of investment experience. She focuses on quantitative portfolio analytics and the MBS/ABS market.

Previously, Shannon worked as an accountant for a food service company. She joined Agincourt in January 2000 as a Client Service/Marketing Analyst. She is a Chartered Financial Analyst. Shannon received a BS in Psychology from Virginia Commonwealth University.

Dee Dee is on the business and technology team and is a Senior Operations Analyst with over 20years of experience. Her responsibilities include settling trades with custodians and brokers. She is also responsible for the reconciliation of cash balances and month-end holdings, as well as performance measurement.

In 1990 she joined Sovran Capital Management as an Operations Analyst, rising to the position of Assistant Vice President in 1999. Dee Dee is a graduate of Pan American Business College.

Duncan is a member of Agincourt's investment team and is a portfolio manager with over 18 years of experience. He is a generalist who has broad responsibilities for managing Agincourt's client portfolios. His focus is on sector allocation and security selection. He has responsibility for developing quantitative computer analytics programs, and he supervises all operations on Agincourt's trading desk. Duncan has client service duties and is shareholder of the firm.

Previously, Duncan was a portfolio manager for C&S Investment Advisors in Atlanta. He joined Sovran Capital Management in 1991, rising to the position of Senior Vice President in 1997. Duncan is a Chartered Financial Analyst. He received a BA in Chemistry from the University of North Carolina-Chapel Hill, and an MBA from Emory University.

Brad serves on the investment team as Chief Investment Officer and has over 25 years of investment experience. He is a generalist, but focuses on top-down sector allocation as well as corporate and international opportunities. He also concentrates on risk management, and is responsible for providing strategic leadership of Agincourt. He has client service duties and is shareholder of the firm.

Previously Brad worked for Tenneco in their portfolio management group, and was Manager of Fixed Income for First City National Bank. He joined Sovran Capital Management in 1987 and was named President in 1997. Brad is a Chartered Financial Analyst. He received a BBA in Finance from Oklahoma State University, and an MBA from the University of Texas.

Laura is on the Business and Technology team and is Agincourt's Business Operations Manager with over 20 years of experience. Her responsibilities include accounting, insurance, compliance and business infrastructure along with security operations management. She is also involved in client/consultant communications and is a shareholder of the firm.

Previously, Laura worked for Trigon Blue Cross Blue Shield in the benefit operations and quality assurance areas and with NationsBank as a Trust Officer in marketing. She joined Sovran Capital Management in 1993, rising to the position of Vice President in 1998. Laura received a BS in Business Administration from Virginia Commonwealth University.

Pat is a member of Agincourt's investment team and is a portfolio manager with 20 years of investment experience. He is a generalist who has broad responsibilities for managing Agincourt's client portfolios. He focuses on economic/business cycle analysis, developing duration and yield curve strategies. Pat has credit and MBS/ABS research duties as well, and he authors all of the firm's client communications. He has significant client service duties, and is a shareholder of the firm.

Pat was previously a portfolio manager with First Union. He subsequently joined Wheat First Securities as a bond trader before moving to Smith Barney as an Institutional Fixed Income Specialist. He joined Sovran Capital in 1989, rising to the position of Senior Vice President in 1994. Pat is a Chartered Financial Analyst. He received a BS Economics and an MBA from Virginia Polytechnic Institute.

Scott is a member of Agincourt's investment team and is a portfolio manager with 10 years of investment experience. He focuses on quantitative computer analytics and trading. His research responsibilities include portfolio and market models, the MBS/ABS market, and special situations. Scott is a shareholder of the firm.

Previously Scott was an equity trader and operations specialist with Trustco Capital in Atlanta. He joined Sovran Capital Management in 1997 as Manager of Operations, and was promoted to Assistant Vice President and portfolio analyst in 1998. Scott is a Chartered Financial Analyst. He received a BSBA in Finance from the University of Tennessee-Chattanooga.

Erika is on the business and technology team and is a Systems Analyst with over 9 years of experience. Her responsibilities include system development and maintenance. Erika focuses on developing solutions for workflow automation and system interfaces. She is also responsible for the firm's web site.

Erika was previously employed by the Bankers' Association for Foreign Trade where her responsibilities included database administration and web site development. She joined Sovran Capital Management in 1999 as a Marketing Analyst. She has a BA degree in Graphic Design from Salisbury State University.

Patrick is a member of Agincourt's investment team and is the firm's Client/Service Marketing Manager with 20 years of investment experience. He leads the marketing effort and oversees the firm's administrative/personnel responsibility. Patrick contributes on all of Agincourt's client communications, and is responsible for consultant communications. He has significant client service duties and is a shareholder of the firm.

Previously Patrick worked for a regional bank where he was responsible for marketing. He joined Sovran Capital in 1994 assuming the responsibility for marketing and consultant relations, rising to the position of Senior Vice President in 1997. He is a Chartered Financial Analyst. Patrick received his BS in Business Administration from the University of Richmond.

Stacey is an investment analyst with 6 years of investment experience. Her responsibilities include the analysis of individual companies with an assessment of credit risk in addition to developing various top-down models to track top-down trends and valuations. Stacey received a BSBA in Finance from Lehigh University.

Cathy is an investment analyst with over 10 years of investment experience. She concentrates on corporate sub-sector strategies and company credit research. She is also responsible for determining relative valuation parameters.

Previously Cathy was with First Union Capital Markets as a credit risk manager and with BB&T Capital Markets as a financial institutions equity analyst. She received a BS in Business Administration from the University of Richmond, and an MBA from Virginia Commonwealth University.