Hal T. Wilson

Provides commercial bank 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.

Functions as a College/University

Northwood Ventures invests in companies located in the United States. The firm targets companies operating in the fields of communications, business services, specialty manufacturing, consumer, transportation and logistics sectors. It provides financing for seed to late stage capital requirements, MBOs, recapitalizations and growth capital requirements with an investment size of USD 5 - 15 million. The firm acquires majority and minority interests in companies and makes co-investments. It also acts as a lead investor and takes a seat on the board of directors.