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


SCOTT A. CHAPMAN joined Lateef Management Associates in March 2002 as a Senior Portfolio Manager. He brings to Lateef Management over 20 years' experience performing investment analysis, managing portfolios and investment professionals. Mr. Chapman shares LMA's investment philosophy of selecting undervalued businesses that are highly profitable, have a sustainable competitive advantage and possess outstanding management. He enjoys the fulfillment of making a positive difference in building clients' capital. Prior to joining Lateef Management, Mr. Chapman was a Senior Portfolio Manager, Large-Cap Team Leader and Director of Research from 1998 at Founders Asset Management in Denver where he managed the Dreyfus Founders Growth Fund, Dreyfus Founders Focus Fund, the domestic portion of the Dreyfus Founders Worldwide Fund and several separate accounts and sub-advised funds. From 1991 to 1998, he was the Director of Growth Strategy for San Francisco-based HighMark Capital Management, Inc., a subsidiary of Union BanCal Corporation where he designed and managed the investment discipline for the HighMark Growth fund that earned a top five-star rating by Morningstar rating agency. Mr. Chapman taught investment principles to CFA candidates in San Francisco for seven years. He also developed and instructed investment seminars called 'Lessons from the Masters' which profiled the investment principles and case studies of stocks used by Warren Buffett, Peter Lynch and John Templeton. His previous positions included a Securities Analyst with McCullough, Andrews & Cappiello and a Senior Financial Analyst with Cooper Development Company and Castle & Cooke, Inc. Mr. Chapman earned an MBA degree in Finance from Golden Gate University and a Bachelor's degree in Accounting from Santa Clara University. Additionally, he is a Chartered Financial Analyst and a member of the Security Analysts of San Francisco. Profile
RYAN F. WILLSON joined Lateef Management Associates in 2000 as Director of Marketing and Client Relations, and became a General Partner in 2001. In prior years, he was Founder and President of Willson Investment Management, Inc., and prior to that, held account executive and financial consultant positions at Dean Witter and Merrill Lynch respectively. Mr. Willson earned a BA degree from USC. Profile
TWST: Gentlemen, would you start with an overview of Lateef Management

Associates, its history and its investment philosophy?

Mr. Willson: We were founded in 1974. We have $1.3 billion