Chuck D. Leone

Functions as a College/University

Madison Street Partners generally seeks to maximize total return by employing a disciplined value oriented long/short portfolio strategy that attempts to uncover mispriced securities primarily within, but not limited to, the small and mid -cap segments of the equity market. The firm typically employs a bottom up method whereby security positions are based on extensive analysis of both the fundamental and technical data surrounding a particular stock. A long position will be entered if Madison believes the stock is undervalued based on fundamental ratios such as price to book, price to sales, price to free cash flow and debt to equity and/or the stocks trading history indicates a positive deviation from the norm, its peer group, or the market. Short positions are analyzed in a similar fashion whereby the firm seeks out stocks with weak fundamentals, technical chart breakdowns, and other catalysts that indicate deteriorating business conditions. Madison may also employ investment techniques including the purchase or sale of put and call equity and equity index options, taking both long and short positions in foreign equity securities and incurring borrowing leverage.