General Investing >> Money Manager Interviews >> April 16, 2001

James Awad/jeff Hershey/marc Shapiro/gary Steiner – Awad Asset Management

MARC SHAPIRO is a Senior Equity Research Analyst with Awad Asset Management. He joined the firm in January1999. Prior to that, he was an Equity Analyst with Schroeder & Co. from 1997 through 1998. From 1996 through 1997, he was an Equity Analyst and Portfolio Manager with Individual Investor Group. From 1995 through 1996, he was a Fixed Income Research Analyst with CS First Boston. From 1989 through 1995, he was a High Yield Bond Analyst at Bloomberg Financial Markets. Mr. Shapiro earned a BS degree from Trenton State College and an MS degree in Finance from Drexel University. He is a Level II Candidate for the designation of Chartered Financial Analyst. Profile
JEFF HERSHEY is a Senior Equity Research Analyst with Awad Asset Management. He joined the firm in February 1998. From August 1995 through February 1998, he was a Research Analyst for the First Manhattan Company. From July 1993 through August 1995 he was a Financial Reviewer with the Municipal Bond Group at Prudential Investment Advisors. Mr. Hershey earned a BS degree in Business from Miami University of Ohio and holds the designation of Chartered Financial Analyst. Profile
JAMES D. AWAD is Chairman of Awad Asset Management, an investment advisory firm. He has been in the securities industry for approximately thirty-five years, as a portfolio manager and senior investment officer. Awad Asset Management now manages approximately $1.4 billion in assets for individuals and institutions. Mr. Awad received a BS from Washington & Lee University and a MBA from Harvard University Graduate School of Business. He is a frequent speaker to the investment community. Mr. Awad is a frequent guest speaker on cable's CNBC, CNN, Fox Satellite, CNNFN and Bloomberg Financial News, Reuters and BBC. He is a member of the Economic Club of New York and serves on the Board of One East End Avenue Corporation and is a member of the Brick Church in New York City. Mr. Awad is a retired member of the Dean's Council at the John F. Kennedy School of Government at Harvard University and a past Deacon and member of the Investment Committee at Brick Church. He is retired from the Boards of Seeds of Peace, the Abraham Fund, the Spence School in New York City and the Berkshire School in Massachusetts. Profile
GARY D. STEINER is a Senior Equity Research Analyst with Awad Asset Management. He joined the firm in September 2000. From November 1996 through May 2000, Mr. Steiner was a Vice President with Prudential Investments analyzing small and mid-cap equities. He worked from May 1995 through November 1996 as an Analyst for Furman Selz Capital Management, Inc. From August 1992 to May 1995, Mr. Steiner was a research Associate with Lehman Brothers Holdings, Inc. Prior to that, he was a Research Assistant for Specialty Chemicals from August 1991 through August 1992. Mr. Steiner earned an MBA from the NYU Stern School of Business and a BS in Finance/Investments from Babson College. He is a Chartered Financial Analyst. Profile
TWST: Could you give us a description of the fund group you manage and

then discuss your investment philosophy and approach?

Mr. Awad: Sure. We manage approximately $700 million in a small