General Investing >> Money Manager Interviews >> March 14, 2005

STEVE SHOBIN – AMERICAP ADVISERS LLC

STEVE SHOBIN is Vice Chairman and Chief Investment Strategist of AmeriCap Advisers, LLC. He is a veteran of more than three decades on Wall Street where he was a Managing Director at Lehman Brothers, Inc. and a First Vice President at Merrill Lynch. He was a senior member of the research divisions at both firms. During his tenure, he developed unique methodologies for projecting the long-term trends of stocks and industry groups, incorporating various techniques for controlling risk. He has advised some of the world's largest mutual funds, hedge funds, and institutional investment managers on stock selection and portfolio structuring. He has been a member of the Institutional Investor All- American Research Team in 1997, 1998, 1999, and received a number one ranking in the year 2000 just as he was leaving Lehman to join AmeriCap. Profile
TWST: Steve, would you start with an overview of AmeriCap Advisers, its

history and investment philosophy?

Mr. Shobin: AmeriCap Advisers, LLC, is a registered investment advisor

that manages