Tonia Pankopf

Functions as a closed-end investment fund or Investment trust

Develops and sells sterile injectable pharmaceutical products

Operates as an asset management company

Provides investment advice

Provides brokerage services

MLAM's worldwide approach to equity investing uses a philosophy of identifying relative value among individual stocks and stock markets by focusing primarily on two variables: reinvestment rate and the price-to-book value ratio. There are seven additional screens employed to further refine the process. The factors used to identify value include price-to-cash flow, price-to-earnings ratios, past and future earnings growth and dividend payouts. For asset allocation, a country whose market valuation measurements seem consistently above or below world averages or its own historical averages are over or under-weighted accordingly. The degrees of over or under-weighting are determined by relative economic prospects as measured by the outlook for GNP, inflation and interest rates of each country and their impact on currency movements. By combining a value approach to individual stock selection with asset allocation by country, the firm seeks to achieve consistent performance relative to international equity indexes. MLAM combines top-down and bottom-up analysis and uses proprietary models as part of their research process. Their funds are team-managed.

Deutsche Bank UK is an active manager which constructs tailored investment strategies in line with their clients' risk/reward profile for a variety of strategies including aggressive growth, growth, income or security. They construct portfolios comprised of asset classes such as bonds, equities, alternative investments and foreign exchange. The firm bases their investment decisions on the group's worldwide network of experts, in addition to their regional and local expertise.

Operates as a closed-end investment management company

Provides brokerage services