General Investing >> Money Manager Interviews >> March 20, 2015

Owning Good Businesses at Reasonable Valuations in the Small-Cap Space

Michael L. Johnson
Michael L. Johnson, CFA, serves as a Portfolio Manager for the Small Cap Value strategy Tributary Capital Management, LLC, and is responsible for researching the technology and telecommunication sectors. Mr. Johnson has over 22 years of industry experience and joined Tributary Capital Management’s predecessor, First Investment Group, in March 2005. Prior to joining Tributary Capital Management, he worked 11 years at Principal Global Investors in Des Moines, Iowa, as an equity analyst and portfolio manager. Mr. Johnson received his bachelor’s in business administration from the University of Nebraska at Lincoln in 1992 and his Master of Business Administration from Drake University in 1995. Mr. Johnson earned his Chartered Financial Analyst — CFA — designation in 1997, and is a member of the CFA Society of Nebraska and the CFA Institute.     Profile
Wynegar, Mark
Mark Wynegar is President of Tributary Capital Management, LLC and is a Portfolio Manager for the small-cap strategy. He has over 22 years of industry experience and joined Tributary Capital Management’s predecessor, First Investment Group, in May 1999. Earlier, he worked five years at Westchester Capital Management as a senior securities analyst and two years at Union Pacific Railroad as a financial analyst — both in Omaha, Nebraska. He has a bachelor’s degree in business administration from the University of Nebraska at Lincoln and earned his Chartered Financial Analyst — CFA — designation in 1997. He is a past president of the CFA Society of Nebraska. Profile
TWST: Tell us about Tributary Funds.

Mr. Johnson: There are two entities to talk about. There is Tributary Funds, and then, there is Tributary Capital Management. Tributary Capital