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Christopher E. Baggini Joins Turner Investment Partners as Senior Portfolio Manager/Security Analyst Veteran manager of Lipper award-winning stock fund to lead new Turner large-cap long/short portfolio June 07, 2010 10:04 AM Eastern Daylight Time BERWYN, Pa.--(EON: Enhanced Online News)--Christopher E. Baggini today has been appointed a senior portfolio manager/security analyst in the Growth Equity Investing Team at Turner Investment Partners (www.turnerinvestments.com), an employee-owned investment firm. In this position Mr. Baggini, 46, serves as the lead portfolio manager for a new long/short portfolio, Turner Titan, a diversified global portfolio of investments in all market sectors, with a focus on large-cap stocks. Mr. Baggini’s appointment enables the firm to expand its lineup of long/short portfolios, which includes the Turner Spectrum strategy, a multi-manager strategy that invests in six long/short strategies, each managed by a separate Turner portfolio-management team. Mr. Baggini previously was the lead portfolio manager of the Aberdeen Equity Long-Short Fund, which won Lipper Fund Awards for the best long/short stock fund for the five-year period ended December 31, 2009, and for the best long/short stock fund for the three-year period ended December 31, 2008. He joined Aberdeen Asset Management, the investment adviser of the Aberdeen Equity Long-Short Fund, in 2007 after the company acquired Nationwide Financial Services’ equity investment-management team, of which he was a member. He had served as a senior portfolio manager at Nationwide since 2000. He has 23 years of investment experience. As part of his duties as a senior portfolio manager/security analyst at Turner, Mr. Baggini is one of five analysts who conduct fundamental research about companies in the consumer sectors for the firm’s growth-stock investments. He becomes the 22nd analyst in Turner's Growth Equity Investing Team, which is organized into five analyst teams that are assigned to oversee the market sectors for the firm’s growth-stock portfolios. Such a sector orientation is a distinguishing aspect of Turner's growth-investment process. The teams cover their market sectors across all capitalization ranges, invest in long positions in companies generating accelerating earnings and revenue growth, and take short positions in companies with decelerating growth prospects. Mr. Baggini reports to Robert E. Turner, chairman and chief investment officer, at the firm, which was founded in 1990 and manages more than $18 billion in growth, global/international, core, value, quantitative, and alternative investments, as of June 30, 2010. The firm is based in Berwyn, Pennsylvania. Mr. Baggini earned a bachelor of arts degree in economics at Fairfield University in 1986 and a master of business administration degree in finance at the Leonard N. Stern School of Business at New York University in 1991. A holder of the Chartered Financial Analyst designation, he is a resident of Radnor, Pennsylvania. The Lipper Fund Award winners are selected using the Lipper Leader rating for consistent returns for funds with at least 36 months of performance history as of the end of the evaluation year. Awards are presented for the highest Lipper Leader for Consistent Return within each eligible classification over three, five, or 10 years. Lipper ratings for consistent return reflect funds' historical risk-adjusted returns, adjusted for volatility, relative to peers. Lipper, a wholly owned subsidiary of Thomson Reuters, is a leading global provider of mutual-fund information and analysis to fund companies, financial intermediaries, and media organizations. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data, the accuracy is not guaranteed by Lipper. The Aberdeen Equity Long-Short Fund - Institutional Class ranked first out of 37 funds in the long/short equity funds category in the three-year time period ending December 31, 2008, to win the “Best Long/Short Equity Fund over Three Years” award. The fund ranked first out of 28 funds in the long/short equity funds category in the in the five- year time period ending December 31, 2009, to win the “Best Long/Short Equity Fund over Five Years” award. Other share classes may have different performance characteristics. Fund performance may now be higher or lower than the performance that was calculated to win this award. Performance reflects certain fee waivers, without which returns would be lower. As with all investments, there are associated inherent risks. The mutual funds and investment strategies referenced involve securities transactions, such as short-selling and leverage, which may cause them to have greater risk and volatility. A short position will lose value as the security’s price increases. Theoretically, the loss on a short sale can be unlimited. The use of leverage will also increase market exposure and magnify risk. Diversification does not eliminate the risk of experiencing investment losses. The investment risks are further increased by the ability to focus investments in one or more economic sectors, to invest in smaller- and medium-capitalization companies, foreign companies, and IPOs. Mutual-fund investing involves risk, including the possible loss of principal.There is no assurance that the investment objective of any fund will be achieved.The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost.Past performance is no guarantee of future results. Contacts Hewes Communications Tucker Hewes, 212-207-9451 E-mail: tucker@hewescomm.com Permalink: http://eon.businesswire.com/news/eon/20100607006219/en
